US Dollar Reasserts Dominance as Geopolitical Safe Haven
The dollar index (DXY) surged past 98, erasing its recent drop to 95, as Middle East tensions triggered classic haven demand. This rebound underscores the currency's entrenched role in global finance - no de-dollarization trend can compete with crisis-driven flows.
China's covert dollar accumulation through state entities reveals a stark reality: even its yuan devaluation strategy requires propping up the very reserve currency it publicly disparages. The euro and yen's fragility during market stress contrasts sharply with the dollar's resilience.
Swiss franc interventions and other central bank actions merely highlight the dollar's monopoly on true haven status. Cryptocurrencies failed to demonstrate meaningful correlation, with major tokens like BTC and ETH remaining rangebound despite the geopolitical spark.
