Dollar Safe Haven Surge Now Far Less Likely: Rabobank’s Foley

The video discusses the implications of the vaccine on the dollar, highlighting that while the vaccine is good news, economic challenges remain. Politicians and central bankers caution about tough quarters ahead. Despite this, markets have shown resilience since the global financial crisis, often looking past bad news due to quantitative easing and cheap money. The likelihood of a surge in the dollar as a safe haven is now less likely.

What does the term 'safety blanket' refer to in the context of the markets?

What is the likelihood of a surge in the safe haven dollar according to the text?