: While often a flight-to-safety asset, the dollar has faced weakening pressure due to narrowing yield differentials and a dovish Federal Reserve.
: Conflict in the Middle East has disrupted energy supplies, fueling a negative supply shock that has eroded purchasing power and lifted global inflation. : While often a flight-to-safety asset, the dollar
: Despite recent rate hikes by the Bank of Japan, the yen's yield disadvantage has limited its total returns, though it remains a target for currency intervention. : While often a flight-to-safety asset