The situation where the US dollar continues to be sold off appears unlikely to occur at present.
Chris Turner of the Dutch International Group stated in a report that the possibility of continued selling of the US dollar is unlikely, as the likelihood of the end of the Iran war in the short term is small. There are reports that the US has issued a 15-point plan to end the war with Iran, and mediators are pushing for a meeting between the two sides before Thursday, leading to a decrease in energy prices and risk aversion, causing the US dollar to weaken. "It seems dangerous to open positions for an early resolution of this crisis, as Iran is likely to use high energy prices as leverage in any negotiations," Turner said, indicating that it is too early to expect a significant decline in the US dollar. The DXY US dollar index fell 0.1% to 99.353, and the Dutch International Group expects the index to trade in the range of 99.00-100.000 this week.
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