The dollar strengthened sharply against the pound and euro yesterday, and has largely held onto those gains this morning.
The dollar is in a push-me pull-me mode as traders balance current performance with future risk.
The Ukraine crisis is encouraging a risk-off mode, whereby traders seek safer assets in a time of crisis. On the other hand, the Omicron crisis is beginning to wane.
Tomorrow we will hear the Federal Reserve’s interest rate decision at 8pm UK time, and this afternoon we’ll hear about house prices.
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