Dollar Resilience Builds Amid Hawkish Fedspeak

The US dollar has shown resilience in recent days despite lower energy prices and a risk-friendly environment. Hawkish Fedspeak remains key, with Richmond Fed President Thomas Barkin suggesting that a single rate hike may not be enough to bring inflation under control.

Markets are more willing to stick with Fed hike expectations than ECB tightening, which could lead to downside risks for EUR/USD. The dollar's strength is driven by the dominant Fed story and hawkish Fedspeak, making it a good time to consider buying USD.