US Treasury Secretary Yellen will step up efforts to advance Russia's oil price cap

Dhwani Mehta FXStreet

Citing sources with knowledge of the matter, Reuters reports on Tuesday that US Treasury Secretary Janet Yellen will step up efforts to advance Russia's oil price cap.

On Tuesday, Yellen will attend the Internation Monetary Fund (IMF) and World Bank meetings, the sources said.

Market reaction

Risk sentiment remains in a weaker spot for the second day in a row this Thursday, keeping the US dollar index well supported above 113.00. Meanwhile, the US S&P 500 futures shed 0.40% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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