The dollar has weakened slightly against the pound and the euro this morning but is still benefitting from its safe-haven status amid growing tensions in Eastern Europe.
Speaking yesterday, Fed official, James Bullard, again called for faster interest rate hikes.
Tomorrow, we will see retail sales data for January, followed by the minutes from the latest Federal Reserve monetary policy meeting in the evening. Markets will be looking for any further comments around interest rate hikes and the nature of such hikes.
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