The Dollar remains well bid as markets nervously monitor developments in the Middle East. Economists at ING analyze Greenback’s outlook. Dollar in dem
and Were it not for the geopolitical situation, we would have been warning that the Dollar could correct a little lower this week on the prospect of softer US consumption data and seemingly a new path for Fed communication that tighter US
financial conditions mean less need for tightening. However, uncertainty in the Middle East and higher energy prices will see investors continue to back the energy-independent Dollar for the time being. DXY can probably grind its way back to the 107.35 high.
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CoinDesk Market Index Week in ReviewNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.
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