It will be a busy week for dollar-watchers as there are several key releases that could impact the dollar’s movements this week, including the Q4 GDP growth rate and durable goods orders.
On inflation, comments from Federal Reserve (Fed) officials point towards an expectation for interest rates to climb to at least 5% this year in efforts to tame high inflation. Earlier on Friday, Fed Governor Waller backed a 25bp interest rate hike for the next meeting.
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