The US dollar ends the year some 5 to 15% ahead of where it started 2022 against most of its major rivals, powered in this appalling year for global peace and climate disasters by a strong safe-haven appeal.

The past week has been less positive, with decisive falls against most commodity-based currencies and no movement against sterling.

There has been a raft of lower level data, including house prices either static or falling, depending on which set of data you read, but manufacturing on the rise according to the Richmond Fed Manufacturing Index.

Things start slowly next week, with little of note until Wednesday, with JOLTs job openings, ISM Manufacturing PMI and the minutes of the last FOMC meeting.

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USD/GBP past year

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