The dollar rises as its recent downward correction has likely run its course in the absence of tangible negative drivers, ING analyst Francesco Pesole says in a note.
Markets will remain focused on any developments on U.S.-Russia talks over the Ukraine war, he says. Barring any major breakthrough, the "optimistic push and relative upbeat risk sentiment may stall or fade in the next couple of days and the dollar can continue to recover some ground.
The DXY dollar index rises 0.3% to 106.915 after falling to a two-month low of 106.566 on Friday.
Source: Marketwatch
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