The dollar remains strong against a basket of currencies this morning, as its status as a ‘safe-haven’ currency continues to appeal to investors.
In his State of the Union speech yesterday, President Biden warned that Putin will be punished over the invasion of Ukraine. He said that the Russian President “thought the West and Nato wouldn’t respond. And he thought he could divide us here at home,” adding that, “Putin was wrong. We were ready.”
ADP employment figures will be released later today, followed by a testimony from Federal Reserve Chair, Jerome Powell, in front of Congress. He is expected to comment on high inflation and the economy.
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