While the dollar has strengthened across the week, it has slipped in the past day or two as Omicron spreads in the country and the first death has been recorded.
While negative for business – and the public, of course – rising Covid cases can support the dollar as a currency that investors buy in times of crisis. This does not appear to be happening to any great extent yet, however.
Next week, while the UK and EU data dries up, it continues to flow in the USA, with property prices feeding into the inflation narrative.
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