The dollar made use of its safe-haven status yesterday as fighting broke out in the Ukraine, with 0.3 to 0.7% rises against most rivals – apart from the yen where it lost out.
After a public holiday for most federal workers yesterday (President’s Day), this afternoon we’ll see a mass of housing data as well as Markit PMI.
With house prices rising at an incredible 18% per year last month, the data will be of interest to the Fed’s interest rate setters.
The big event of the week, however, will be GDP for the quarter on Thursday.
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