Judging the past week as a whole the US dollar has leapt ahead of most major currencies, apart from the British pound, as Omicron and Delta variants of Covid continue to spread among the global population.
Against the euro, the US dollar has almost recovered yesterday’s losses. Against the pound, there has been a steady strengthening to around 0.2% above yesterday’s close.
Data-wise, the information flow has been barely affected by Christmas, and over the past two days we’ve seen house prices rises start to moderate – although only back to 18.4% from 19.1% last month, according to S&P.
This afternoon we’ll hear the latest Jobless Claims.
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