The dollar has regained some strength against the pound and the euro following record-high inflation figures.
US inflation rose to an annual rate of 7.9% in February, reaching another 40-year high. Markets will now be interested in any reaction to this figure from the Federal Reserve in its meeting next week.
Data surrounding unemployment in the US was also released yesterday and revealed that the number of Americans filing for unemployment benefits rose last week. Today, Michigan Consumer Sentiment figures for March will be of interest to the markets.
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