The dollar’s Omicron-inspired run of strength appears to have run its course for now, with the euro recovering nearly 1%.
Having breached it’s December 2020 high against the pound just before the weekend, the dollar’s gains were pared back fractionally yesterday.
After a quiet start to the week we’ll hear the US Balance of Trade this afternoon, and job openings tomorrow afternoon. We’ll have to wait until Friday for the big event, however, with inflation and consumer sentiment.
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