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

According to Mars Finance, as reported by Jintiao, the US dollar is experiencing its best week in over a year, strengthening as a safe haven amid Middle East conflicts and soaring oil prices. The Bloomberg U.S. Dollar Index rose 1.4% this week, marking the largest increase since 2024. Hostile actions disrupted oil production, leading traders to cut back on bets for Federal Reserve rate cuts, further boosting the dollar. Despite US employers unexpectedly cutting jobs last month, focus remained on energy prices, and this data only briefly dampened the dollar, which quickly regained its upward momentum.

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