The US dollar is moving higher this morning, Tuesday, January 25th, with the opening of the European markets for the second consecutive session, after gains of more than 0.20% recorded by the general index of the US dollar in the opening session of the week yesterday, Monday, and after testing its highest level in two weeks at 96.10 before falling at Closing to conclude the session at 96.86 levels, and is trading this morning, up by 0.15%, to be happy again at 96.01 levels.

The US Federal Reserve will start a meeting today, Tuesday, and what has been reached will be announced tomorrow, Wednesday. Accordingly, the markets began pricing the meeting, even temporarily, although the meeting is not expected to result in any change in monetary policy, as the rate of the US Federal Reserve raising interest in a meeting tomorrow until tomorrow.

The moment, according to the futures contracts, does not exceed 5%, but the interest hike in March has become certain in the markets.

The question now, with the March hike, is whether we will have an additional 3 or 4 hikes during the current year, and this is what the markets are looking forward to answering at this week’s meeting, in addition to the date of reducing the balance sheet for the Federal.

With all these scenarios presented in the markets so far, the US dollar is expected to move upwards until the moment the statement is announced tomorrow in the American session and its time will move based on the results, especially with the absence of strong economic data affecting the market movements during today’s session.

The safe haven factor, in turn, constitutes support for the US dollar, as the markets began to pay attention to the issue of the Russian-Ukrainian conflict after ignoring it last week, especially after the escalation of disputes in the last 48 hours and putting the forces on standby, and this is explained by the rise of the dollar and gold at the same time yesterday, Monday, given that they are safe havens.

The euro is trading on a decline for the second consecutive session and is close to losing the 1.13 levels, while the British pound is trading at 1.3480 levels.