Geopolitical situation boosts the logic of "dollar shortage," and the dollar index rises by 0.50%
On Thursday (March 5th), at the New York close, the ICE Dollar Index rose by 0.50%, reporting at 99.27 points.
The escalation of geopolitical conflicts in the Middle East has led the market to regain its appetite for liquidity and safe-haven assets, with the dollar rising across the board against almost all major and emerging market currencies.
The strong rebound in U.S. Treasury yields has further widened the gap between the dollar index and forward swap rates, suggesting that there may still be room for the dollar's upward momentum
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