The dollar is strong against a basket of currencies this morning, benefitting from is status as a safe-haven currency.

Worries over high inflation, the economic impact of the war in Ukraine and concerns over news that the Chinese economy is struggling due Covid restrictions.

There will be a series of speeches from Federal Reserve officials this week, including Fed Chair, Jerome Powell. The markets will be listening closely for any comments surrounding high inflation and the future plan for interest rates.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

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