OCBC: US Dollar constructive as oil risks build
OCBC analysts note that rising Middle East tensions and higher oil prices are supporting the US Dollar and global bond yields.
OCBC's Sim Moh Siong and Christopher Wong have issued a note highlighting a constructive outlook for the US Dollar as oil-related risks escalate.
Renewed tensions in the Middle East and a subsequent rise in oil prices are lending support to the greenback and pushing global bond yields higher. The analysts point to these factors as key drivers behind the current dollar strength.
Source: FXStreet Forex News