Risk aversion lifts dollar only modestly, SocGen says
Societe Generale’s Kit Juckes says a more risk-averse market has provided only modest dollar support. The note attributes this to expectations that the Middle conflict will likely drag on and higher energy costs, which have not lifted the DXY dollar index back above 100.
1111 GMT - Societe Generale's Kit Juckes says a more risk-averse market has lifted the dollar only modestly as a safe-haven asset in a note. He says recognition that the Middle conflict is likely to drag on, along with higher energy costs, has not been enough to push the DXY dollar index back above 100.