The dollar started trading today, Tuesday, in Asia near its peak in the past two weeks, with easing market concerns about a potential US military intervention in Venezuela, thanks to statements from some officials in the US Federal Reserve that showed a tendency towards a more flexible monetary policy, which supported risk appetite on Wall Street.
The dollar index, which reflects its value against six other major currencies, recorded a level of 98.36, a slight increase of 0.04%, after its upward trend, which lasted for four consecutive days, stopped yesterday, Monday.
In this context, “Rodrigo Catril,” a currency strategist at the National Bank of Australia in Sydney, said: “The market is not really worried about what is happening on the geopolitical level, at least in the short term.” He added, according to “Reuters,” that this atmosphere “reduces the attractiveness of safe-haven assets, and we have seen the dollar in a difficult position.”
