Polish Geopolitical Issues Market Drivers Ahead of Important Data!


 Currency trading in the market continued to move slowly amid uncertainty over the latest geopolitical issues in Poland.

Earlier, it was reported that Russia is believed to have launched a missile at Poland, resulting in the loss of two lives.

The streak has investors worried that it will further escalate tensions between Russia and NATO that have previously been exacerbated by its aggression in Ukraine.

However, the impact experienced by the market was only temporary, especially after there were recent reports about the missile fire, which may be due to Ukraine wanting to retaliate against Russia's attack.

In fact, US President Joe Biden also did not rule out the possibility that it was not caused by Russia, saying a full investigation would be carried out.

Scrutinize the current movement of the currency, the dollar index which measures the strength of the greenback against major currencies at 106.20 in the European session.

Meanwhile, the pound reacted little following UK inflation data which surged to a new 41-year high in October.

The euro remained stable at around the highest level in almost 3 months, following the volatile trade of the US dollar.

Now, the next focus for investors is the release of US retail sales data and Canadian inflation in the upcoming New York session.