Dollar Expected to Keep Safe-Haven Status -- Market Talk

Dow Jones11-14

0854 ET - The dollar remains the "pre-eminent safe-haven currency of choice" and is likely to keep that status, Deutsche Bank's George Saravelos writes. An expected trade war under a new Trump administration could add support to the greenback, as "the greater the risk a government gets sanctioned by the US, the bigger the net demand for dollars," Saravelos says. He adds that gold's weakness since the election indicates markets aren't worried about a U.S. currency crisis. Following data indicating resilient U.S. inflation and job market, the WSJ Dollar Index rises 0.3%. The dollar strengthens 0.3% against both the yen and the euro. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

November 14, 2024 08:54 ET (13:54 GMT)

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