CONCERN BREWING OVER A WEAPONISED DOLLAR
The U.S. strike on Venezuela and the capture of President Maduro briefly lifted the dollar to a near-month high, but gains have faded as markets refocus on economic data and Friday’s jobs report.
Analysts warn that attacks on the Fed’s independence, doubts about U.S. fiscal discipline, and tariffs raise the risk of a weaponised dollar, a concern for eurozone banks, nearly one-fifth of whose funding is dollar-denominated.
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