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fxAug 4, 2026, 3:30 PM

Dollar Rally Questioned as Safe-Haven Status Tested, Rabobank Says

The US dollar has weakened significantly over the past week, falling about 2% against a basket of currencies, prompting Rabobank to question the sustainability of its rally and its traditional safe-haven role.

DXY

The US dollar has been the worst-performing G10 currency over the past week, with the DXY index dropping about 2% from recent levels, Rabobank Senior FX Strategist Jane Foley noted.

This decline has called into question the dollar's rally and its status as a safe-haven asset, the bank added. The move suggests the greenback's appeal as a shelter during market uncertainty is being reassessed.

Source: FXStreet Forex News