USD Holds Steady as Geopolitical Risks Fade, ING Says
The US Dollar remains broadly unchanged as Middle East tensions fail to boost safe-haven demand, with markets shifting focus to interest rate outlook, according to ING’s Francesco Pesole.
DXY
According to ING’s Francesco Pesole, the US Dollar has shown little movement despite renewed tensions in the Middle East. The lack of a typical safe-haven bid is attributed to oil prices pulling back from earlier highs, which has dampened geopolitical risk premiums.
Market attention is now turning back to the interest rate outlook as the primary driver for the greenback. The flat price action suggests that traders are waiting for clearer signals on monetary policy rather than reacting to short-lived geopolitical headlines.
Source: FXStreet Forex News