The dollar is still strong against a basket of currencies, benefitting from its status as a ‘safe-haven’ currency in times of crisis.
A positive non-farm payrolls report on Friday also helped the greenback. The report showed that the US economy added 678,000 jobs in February of 2022, the most in seven months and way above market forecasts of 400,000. There was growth in a variety of sectors, however, the leisure and hospitality sector led the rise.
Inflation figures will be released for the US on Thursday. After rising to its highest figure annually in January since 1982, inflation is predicted to have risen further in February.
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