The dollar’s extraordinary week continues right to the end, rising strongly against the euro and pound this morning.
The dollar has gained two cents on the pound this week, as the impact of the Federal Reserve’s 75 basis point interest rate rise is set against the BoE’s more dovish 50 point rise. The escalation of the war in Ukraine, with Russia now imposing conscription, has also encourage a “risk off” strategy by investors looking for safer assets.
On the data front the week ends with PMI readings and a speech by Federal Reserve chair Jerome Powell at 7pm UK time.
USD/EUR past year
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