• The Russian invasion of Ukraine triggered a further bout of dollar strength this spring...
• The euro was trading at $1.15 before the Russian invasion, before falling to parity in the summer...
• From a euro viewpoint, the fact that the ECB is set to deliver further rate hikes over the remainder of 2022 should prove beneficial for the currency ...
• Our base case, though, is that the ending of negative interest rates and further ECB rate hikes will help put a floor under the single currency...
• This week, there is a busy data schedule ahead in the UK, including updates on the labour market and inflation...
• In the US, retail sales data will also feature...
• In the Eurozone, the second estimate of Q2 GDP and the final reading of HICP inflation for July are the main releases of note...

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