The USD has given back a little of Friday’s safe-haven driven move. Economists at Rabobank analyze Greenback’s outlook for the week ahead.
Uncertainties in the Middle East to subdue risk appetite even further
Over the course of the coming week, plenty of Fed speakers are lined up to speak which will give the market an opportunity to gauge how inflationary central bankers are assessing the situation and whether the risks regarding another rate hike this year have changed as a result. The tone of these remarks will clearly provide direction for the USD.
That said, we expect safe-haven demand to remain supportive for the USD given the scale of uncertainty surrounding the Middle East.
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