The dollar continued to strengthen yesterday, on the back of Friday’s excellent non-farm payrolls data and a general risk off sentiment, surrounding fresh rises in Covid in China and the risk to gas supplies in Europe.
Over the course of the week it has now strengthened by more than 1% against all of its closest 12 or so rivals, including nearly 4% against the euro and close to 2% against the pound.
The big data event of the week is inflation tomorrow, and then PPI (producer price index) on Thursday.
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