German bank: US trade conditions expected to improve, boosting the US dollar.

Michael Pfister of Deutsche Bank stated in a report that the recent appreciation of the US dollar is driven by the rise in oil prices due to the conflict in the Middle East, which could in turn improve US trade conditions. The US is a net exporter of oil, while the eurozone is a net importer. Therefore, rising oil prices will boost US trade conditions, as US export prices rise relative to the eurozone, allowing Americans to have more discretionary income for spending. Against the backdrop of better protection for the US energy-intensive industries compared to Europe, their growth is also more resilient. The "decisive factor" is how long the rise in oil prices will last. He said that if the conflict ends sooner than expected, the euro against the dollar will rebound. The euro fell by 0.5% to $1.1574.