The Dollar Index (DXY) roared back to life as concerns of escalation and spread in the Middle East has seen the US Dollar benefit from its safe have appeal and remains key in the week ahead.
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US Secretary of State Anthony Blinken is expected to meet leaders from Saudi Arabia and Egypt as well to ensure tensions do not spread. At the moment the concern that it will is keeping the US Dollar supported through its safe haven appeal and this could even be the major driving force next week given the lack of high impact data.Heading into next week and we have a slowdown in terms with the only high impact data events being the Retail Sales and Building Permit data releases.
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