The dollar strengthened further against both GBP and EUR yesterday, reaching 0.787 and 0.933 yesterday afternoon respectively.
Indeed, the dollar has continued to strengthen against every major currency, being between 0.5% and 3.5% up against all of its major rivals over the course of the week.
The main reason is the promise of interest rate rises from the Federal Reserve, exacerbated by a risk-off attitude on the global markets as the war in Ukraine continues unabated.
The week may have started quietly on the data front but the week revs up nicely this afternoon with Durable Goods Orders and New Homes Sales for March.
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