The dollar is doing what it usually does when the world looks twitchy: it attracts demand. The blockade threat is the kind of event that makes investors reduce risk and move into liquid, defensive positions. Still, it’s not a one-way street. The US is at the centre of this escalation, and markets do occasionally balk when geopolitics starts to look improvised. For today, the key watch is home sales this afternoon, and how far the economic uncertainty is killing the property market. Tomorrow it’s producer price inflation (PPI) – definitely one to watch.
USD: Safe haven support
Christopher Nye
on April 13th, 2026 
