The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, could see an outburst in volatility this week amid geopolitical developments and the Federal Reserve (Fed) meeting.
At the time of writing on Monday, the DXY index edges lower and trades near 103.50 ahead of the United States (US) Retail Sales data for February.
On the geopolitical front, a high-stakes meeting between US President Donald Trump and Russian President Vladimir Putin is scheduled on Tuesday, with the two parties to discuss territory and to divide up certain assets, according to President Trump on Sunday at Airforce One, Bloomberg reported.
The second big development is in German politics, with a vote on a €1 trillion spending package on Tuesday to boost Europe's weapon industry, which would spill over into the whole European industry.
If an agreement and backing can be reached with the Greens, a two-thirds majority would be present to get the plan through the German Bundestag.
Source: FXStreet
