Taking advantage of market panic, the dollar is at its peak and approaching its highest level

Today, America has become the world's main source of oil, which has boosted demand for the dollar to buy crude oil and its derivatives, which is reflected in the rise of the US currency index to record levels in recent months.

Despite this rise, HSBC analysts warn against excessive optimism, stressing that the structural problems that weakened the dollar before the war still exist.

Comparing the situation

All these factors lead investors to often compare the situation to emerging markets rather than developed markets.

Spending and debt

America continues to spend heavily on its military effort, which increases the accumulation of debt and puts the currency to new tests in the medium term.

While the dollar is shining, gold remains on the back burner, with the possibility that any potential end to the war could be a major shock to the US currency, or that markets will continue to rely on liquidity to cope with the risks ahead, especially between Trump and Europe, after its refusal to support the war, and Washington and Beijing in the event of escalating tensions.