Brown Brothers Harriman’s (BBH) Elias Haddad notes that the Dollar Index (DXY) has rallied to its highest level since early April as markets react to shifting Iran war sentiment and firmer United States (US) data.
The Swiss Franc (CHF) holds moderate losses against the US Dollar (USD) on Thursday, but it has retraced most of the earlier decline, despite higher Oil prices and uninspiring Swiss employment data.
Geoff Yu at BNY highlights that Canadian Dollar (CAD) dynamics differ from the U.S., with equity-based rebalancing pointing toward CAD support as growth and allocation trends move opposite to the US Dollar.