FOREX TODAY: THE WEEK AHEAD OF THE US TREASURY NOTE AUCTIONS IS BEGINNING CAUTIOUSLY.

WHAT YOU NEED KNOW ON MONDAY, FEBRUARY 26 IS AS FOLLOWS:

The US Dollar (USD) Index broke a five-week gaining streak and now trades in a limited range at approximately 104.00. The US economic docket on Monday will only include data pertaining to the change in January new home sales. Later in the day, the US Treasury will host auctions for 2-year and 5-year notes, while Christine Lagarde, the president of the European Central Bank (ECB), will give a speech.

The risk rally that began earlier in the week fizzled out, leaving Wall Street's major indexes with a mixed week's end. US stock index futures are trading slightly down early on Monday, indicating a cautious attitude on the part of the market. The yield on the benchmark US Treasury bond, which fell by about 2% on Friday, is still marginally below 4.25%. The US January Durable Goods Orders and the Conference Board Consumer Confidence Index for February will be available on Tuesday's economic calendar.

THE CURRENT US DOLLAR PRICE

The US dollar's (USD) percentage change compared to a list of major currencies is displayed in the table below. When compared against the New Zealand dollar, the US dollar was the strongest.

The major currencies' percentage movements relative to one another are displayed on the heat map. The quotation currency is selected from the top row, and the base currency is selected from the left column. For example, the percentage change shown in the box will indicate EUR (base)/JPY (quote) if you select the Euro from the left column and proceed along the horizontal line to the Japanese Yen.

During the second part of the previous week, the USD/JPY stabilized above 150.00 and saw gains for the fourth straight week. At 150.50 on Monday morning, early in the European morning, the two remain silent. Market players will be eagerly observing Japan's January National Consumer Price Index (CPI) data throughout the Asian session on Tuesday.

The strong gain on Thursday caused EUR/USD to lose its positive momentum. However, the pair entered a consolidation period after settling above 1.0800. ECB President Christine Lagarde will take part in a plenary discussion about the ECB Annual Report 2022 in the European Parliament.

The GBP/USD pair saw gains for four days in a row and increased by 0.6% the previous week. The pair fluctuates in a narrow channel slightly above 1.2650 early Monday. Huw Pill, the Chief Economist at the Bank of England (BoE), will talk later in the day.

Last week, the AUD/USD increased by 0.5% and leveled off at 0.6550. Market players will be eagerly observing the Australian monthly CPI statistics for January during the Wednesday Asian session. NZD/USD, meantime, is trading weakly and falls early on Monday toward 0.6150 after encountering resistance on Friday close to 0.6200. On Wednesday, the Reserve Bank of New Zealand will make its monetary policy announcements.

Prior to the weekend, US yields began to decline, which helped gold, which increased by 0.55% on Friday. Early on Monday, XAU/USD remains in a consolidation phase, just above $2,030.