After an initial wobble caused by the cooling of geopolitical tensions, the US dollar is being supported by yet another solid labour market report, which reinforces the view that the Federal Reserve can afford to keep rates restrictive for longer. That will not please Trump. While any “safe-haven” benefit from Greenland has evaporated (if it ever really existed), the dollar’s fundamental strength remains intact. Coming up later – PMI.
USD/GBP past year


