The US Dollar (USD) is squeezing out Greenback bears with its move on the outcome of the first Caucus election for the Republican Party (GOP) candidate who will pick up the gloves against Joe Biden in the presidential runoff later this year. Former US President Donald Trump won with a clear landslide victory of nearly 51%.
Thin trade conditions due to the MLK holiday in the US and persevering geopolitical risks dominated the mood among market participants at the beginning of a new trading week.