Dutch International Group's Chris Turner said in a report that after the US ousted Venezuelan President Nicolas Maduro, geopolitical uncertainty may prompt investors to favor safe-haven dollars. “Given the uncertainty about how the situation will unfold over the next few days, investors are likely to prefer the dollar's liquidity. “He said that following the recent strong performance of the US GDP data for the third quarter, the US dollar may also attract interest in late purchases, and the dollar usually attracts capital inflows in January and February. However, Turner said that if the US is “dragged into a series of chaotic actions” in Venezuela, investors may begin to worry about its fiscal impact, which may put pressure on the dollar. The DXY dollar index rose 0.2% to 98.682, after hitting a four-week high of 98.796 overnight.

Dutch International Group's Chris Turner said in a report that after the US ousted Venezuelan President Nicolas Maduro, geopolitical uncertainty may prompt investors to favor safe-haven dollars. “Given the uncertainty about how the situation will unfold over the next few days, investors are likely to prefer the dollar's liquidity. “He said that following the recent strong performance of the US GDP data for the third quarter, the US dollar may also attract interest in late purchases, and the dollar usually attracts capital inflows in January and February. However, Turner said that if the US is “dragged into a series of chaotic actions” in Venezuela, investors may begin to worry about its fiscal impact, which may put pressure on the dollar. The DXY dollar index rose 0.2% to 98.682, after hitting a four-week high of 98.796 overnight.