The dollar edged lower against a basket of currencies this morning, including the pound and the euro. However, this greenback is still being underpinned by expectations of an interest rate hike in March and rising tensions in Ukraine.
It’s a busy week for economic data releases in the US, which will conclude with all-important Non-Farm Payrolls on Friday. The economy is expected to have added 155,000 jobs in January, a drop from December’s figure of 199,000.
According to the White House, US President Joe Biden has warned there is a “distinct possibility” Russia might invade Ukraine next month. A White House statement also said that Biden “reaffirmed the readiness of the United States along with its allies and partners to respond decisively if Russia further invades Ukraine”.
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