Mitsubishi UFJ: If the United States declares intervention in the conflict between Iran and Iraq, the US dollar may fall.

Analyst Derek Halpenny of Mitsubishi UFJ said in a report that if the Trump administration confirms in the coming days that the US is involved in the Israel-Iran conflict, the dollar could fall. He said that any US involvement could hasten the end of the conflict and deter Iran from disrupting oil supplies. This could lead to a drop in oil prices and weaken the dollar. Lower oil prices will support the Federal Reserve.