After weakening at the end of last week due to Wednesday’s inflation figures and poor economic data on Friday, the dollar is trading around similar levels this morning.
It’s a fairly light week for data in the US, with existing home sales figures due on Thursday, as well as initial jobless claims.
The Omicron variant of COVID-19 is still taking its toll in the US, with at least 80% of hospital beds occupied across 24 states. The south has been hit the hardest by the new variant, with record case numbers still being reported.
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