The dollar is largely unchanged against the pound and euro as markets await the all-important non-farm payrolls report later today.
Initial jobless claims figures have already been released, revealing that 222k Americans filed for unemployment benefits last week. This was up from the previous week but below market expectations of 240k.
Several Federal Reserve policymakers spoke yesterday, following on from comments made by Fed Chair Jerome Powell who insisted that the US economy is “very strong” and is not threatened by the new Omicron variant. Markets will be interested to see if the non-farm payrolls report supports this rhetoric.
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