The dollar is still benefitting from its safe-haven status, trading higher against the euro, as uncertainty remains in Eastern Europe.
Despite a flurry of data releases in the US yesterday, there was little reaction from the markets.
The number of Americans filing for unemployment missed expectations, rising by 23,000 last week compared to the previous week. The Philadelphia Fed Manufacturing Survey also missed expectations, coming in at 16, far below the previous reading of 23.2. On the other hand, January building permits beat predictions, rising by 0.7%.
Later today, we will see data for existing home sales, several Fed officials will speak and President Joe Biden will host a meeting on the Russia-Ukraine conflict with leaders of Canada, France, Germany, Italy, Poland, Romania, Britain, the EU and NATO.
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