The US dollar continues to appreciate to such an extent that one could almost get dizzy. Still, economists at Commerzbank expect the greenback to remain in demand.

USD without an alternative?

“USD does not just seem the preferred option as far as monetary policy is concerned. Also, against the background of the Ukraine conflict and a possible energy crisis in Europe, the USD remains the better alternative.”

“In view of the Fed meeting tomorrow and the increasingly concrete discussion about an EU oil embargo against Russia, the USD is, therefore, likely to remain in demand.”