CNBC: Dollar firms on safe-haven flow, strong U.S. data adds support

“There is a slow-motion flight to safety underway across the currency markets, driven by last week’s implosion in the precious metals complex,” said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions in Toronto. “We’re seeing a modest hawkish repricing in U.S. growth and policy expectations after manufacturing activity accelerated by far more than expected in January, suggesting that the economy continues to shrug off policy chaos. Risks to the dollar are tilting to the upside.”

Read the article here.