The US dollar has been firm, but the drivers behind the move may be more complex than they first appear.
While geopolitical tension and shifts in risk sentiment play a role, current price behaviour seems increasingly influenced by inflation expectations and yields. As oil prices move higher, markets reassess the outlook for inflation and interest rates, which continues to support the dollar.
This video explores the underlying macro dynamics and why the current environment may be more conditional than it seems.
Watch it now and stay updated with FXOpen.
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