The situation in Eastern Europe is also helping the dollar and other safe-haven currencies gain some ground. It strengthened this morning after Russian-backed separatists claimed that Ukrainian forces have violated the cease-fire.
The minutes from the Federal Reserve’s latest meeting were released yesterday, showing that due to high inflation and a recovering economy, officials think that interest rates are ready to be raised. However, they also said that they would review this on a meeting-by-meeting basis, so they are not fixing themselves to a particular schedule.
Building permits and housing figures will be released for the US later today.
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