Will the USD recover after the war?
On the world market, USD Index reached 106,450, up 0.08% in the last session of the week.
The USD was also supported by its safe-haven status amid escalating tensions between Israel and Hamas forces, after Israel called on civilians to leave the northern Gaza Strip.
“The greenback's growth over the past week largely reflects growing economic and geopolitical uncertainty following the conflict,” said Jonas Goltermann, deputy director of market economics at Capital Economics. between Israel and Hamas”.
However, President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on October 13 that the central bank may have completed raising interest rates in the context of weakening price pressure, and also emphasized Uncertainty about how long interest rates will remain high.
The USD was also supported by its safe-haven status amid escalating tensions between Israel and Hamas forces, after Israel called on civilians to leave the northern Gaza Strip.
“The greenback's growth over the past week largely reflects growing economic and geopolitical uncertainty following the conflict,” said Jonas Goltermann, deputy director of market economics at Capital Economics. between Israel and Hamas”.
However, President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on October 13 that the central bank may have completed raising interest rates in the context of weakening price pressure, and also emphasized Uncertainty about how long interest rates will remain high.
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