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Dollar extends 2022 surge as market awaits key US inflation data

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The US currency rose as investors bet that the latest round of US employment data will confirm a Federal Reserve plan to continue hiking interest rates.

NEW YORK - The dollar extended its banner run of 2022, pushing higher following the latest solid US jobs data as equities retreated in both New York and Europe.

Analysts said Monday's gains by the greenback also reflected the worsening Russia-Ukraine conflict, which has bolstered the dollar's standing as a"refuge" investment.This week's calendar also includes retail sales for September, as well earnings from Delta Air Lines, JPMorgan and others.

 

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