The dollar is still strong this morning against a basket of currencies as expectations for the Federal Reserve to taper monetary policy have increased.
There are fears that this tapering could come at a time of high inflation and slowing economic growth. These concerns are also pushing the dollar higher due to its ‘safe-haven’ status.
Later today, GDP figures will be released for the US and there will be several speeches from Federal Reserve officials. The markets will be listening closely for any comments on monetary policy.
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