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Dollar Rally a ‘Bitter Triumph’ as White House Whims Overhang

BCS
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Barclays notes the US dollar’s typical safe‑haven bid amid turmoil and rising oil has been muted recently due to the administration’s mercurial stance and a shaky technology sector. The bank warns these political and tech-sector risks may dampen dollar appreciation even as energy-driven risk aversion would normally support the USD; monitor FX positioning and tech risk for potential near-term dollar moves.

Analysis

Barclays notes the US dollar’s typical safe‑haven bid amid turmoil and rising oil has been muted recently due to the administration’s mercurial stance and a shaky technology sector. The bank warns these political and tech-sector risks may dampen dollar appreciation even as energy-driven risk aversion would normally support the USD; monitor FX positioning and tech risk for potential near-term dollar moves.

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