Geopolitical conflicts should act as a restraint on USD bears – Rabobank DollarIndex Ukraine China UnitedStates Banks
Last week’s sell-off in the USD is unlikely to extend further due to geopolitics, according to economists at Rabobank.“NATO chief Stoltenberg has warned that ‘we should not make the mistake of underestimating Russia’ and that ‘the coming months will be difficult’. Additionally, there remains plenty of risk that tensions between the US and China, Europe and China and Japan/Australia and China will flare again.
“While recent news has brought welcome relief, resolution on either the war or on the differences between China and the West and its allies still appears distant, and this should act as a restraint on USD bears.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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