Bank of America: The dollar's safe-haven attributes are fully activated, and the impact of the non-farm payroll report is limited

By: rootdata|2026/03/07 00:43:39
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According to Jinshi News, the US dollar is experiencing its best week in over a year, strengthening as a safe haven due to the Middle East conflict and soaring oil prices. This week, the Bloomberg Spot Dollar Index rose 1.4%, marking the largest increase since 2024. Hostilities have disrupted crude oil production, leading traders to cut bets on Federal Reserve rate cuts, further boosting the dollar. Although US employers unexpectedly cut jobs last month, the focus remains on energy prices, and this data only briefly weighed on the dollar, which quickly regained its upward momentum.

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