The greenback continued to weaken against its major rivals on Thursday but the negative shift in risk sentiment helped the currency shake off the selling pressure early Friday. January Trade Balance fromarea and February Existing Home Sales data from the US will be featured in the economic docket but investors will remain focused on the headlines surrounding the Russia-Ukraine crisis.
Reflecting the souring market mood, US stock index futures are down between 0.3% and 0.6% in the early European session. Thereached its highest level in more than two weeks at 1.1138 on Thursday but seems to have lost its bullish momentum on Friday. The pair is moving sideways below 1.1100 in the European morning. GBP/USD
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