USD -
Despite a pretty soft raft of economic data yesterday, the Dollar pushes every upwards, following Brent Crude as the war drags on. The longer the Strait remains blocked the higher Oil goes, to the extent that $125 per barrel does not seem so remote anymore.
Naturally, this would be devastating for the world economy, but it is good news for the Dollar now at least, as it functions more and more like a Petro currency. The Pound is trading at its cheapest against the Dollar since November, whilst the Euro is trading even cheaper, down to an August low.
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