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

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.