The dollar is stronger against the pound and euro this morning, supported by a risk-averse market.
Following his visit to Europe last week, President Joe Biden finished off his speech with several ‘off-script’ comments about Russian President Vladimir Putin’s position of power which triggered the risk-averse mood within the markets.
This week, markets will be playing close attention to the US jobs report on Friday, particularly after the Federal Reserve’s hawkish comments around interest rates recently. Other key US data releases this week are job openings, employment change and personal spending and income.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 3918 7255 or your Private Client trader on 020 7898 0541.
