The dollar is strong against the euro, pound and a basket of currencies this morning, as it benefits from its status as a ‘safe-haven’ currency.
Amidst market volatility, all eyes will be on the testimony this week from Federal Reserve Chair, Jerome Powell. The Federal Reserve are widely expected to raise interest rates in March; however, the current climate could cause the Fed to change its approach.
In the lead up to Powell’s testimony on Thursday, several Federal Reserve officials will speak. The end of this week will see the release of Non-Farm Payrolls, which will give an indication of how the US economy performed in February.
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