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Currencies Outlook

Dollar regains safe haven status

Thursday, 05 March 2026, written by Edward Markus

Geopolitical risk is pushing up energy prices — and that is changing FX dynamics. In this update, we show why the dollar is once again becoming the preferred safe haven, how higher energy prices are limiting central banks' room for manoeuvre, and what this means for the major currency pairs in the coming months.

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Previous reports

Will the negative effects of AI also affect currency markets?

Thursday, 19 February 2026

There are several forces at play that could have a significant positive or negative impact on the US currency, including developments in AI. In this currency report, we examine what these forces are and what they mean for EUR/USD, among other things.

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The crucial role of productivity growth for currency markets

Thursday, 05 February 2026

If productivity growth continue to rise, central banks will have much more latitude to cut interest rates, particularly in the US. This would be negative for the dollar. However, this is not our most likely scenario...

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US dollar more vulnerable to geopolitical tensions

Thursday, 22 January 2026

Due to the strong growth of the US economy and relatively high interest rates, dollar assets remain attractive to foreign investors. Meanwhile, concerns are growing about more aggressive US foreign policy. Which factor will weigh more heavily in the coming period, and what does this mean for EUR/USD?

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Hedging Currency Risks

FX market volatility can quickly erode margins and even competitiveness.

Through our sister company, ICC Consultants, many ECR clients already benefit from independent hedging advice that combines clear strategy with hands on execution support.

ICC helps improve and optimize both your FX hedging strategy and its execution. During live transactions, ICC ensures that agreed terms are respected by your banks and brokers, and that no hidden markups are added.

When should you reach out?

  • Fresh perspective in a changing market: ICC identifies opportunities or inefficiencies that may not be visible to an in house team or to long standing bank relationships.
  • Governance and accountability: Regulators, boards, and auditors increasingly expect evidence that treasury and risk management decisions are independently validated.

With ICC’s hedging specialists and real time pricing systems on your side, you gain full transparency, lower costs, and the confidence that nothing is overlooked and every decision is the best possible.

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