Dollar Could Benefit From U.K., French Fiscal Concerns

The potential strengthening of the U.S. dollar is closely linked to ongoing fiscal concerns in the U.K. and France, as highlighted by Macquarie strategists. These worries are compounded by a mixed performance of Asian currencies against the dollar, particularly as the Singapore dollar consolidates amid the looming end of the U.S. government shutdown. Additionally, French inflation slowing to 0.8% in October may further influence market sentiments, contributing to a risk-off environment that could benefit the dollar as investors seek stability amidst international uncertainties.