Mitsubishi UFJ: Dollar May Continue to Rise if Safe-Haven Demand Increases

AirdropBlackHole · 2026-03-27T12:31:17+00:00

Mitsubishi UFJ analyst Derek Halpenny suggests that if conflicts in Iran increase risk aversion, the dollar could strengthen, especially if Brent crude oil prices rise and stock markets decline significantly.

AirdropBlackHole

2026-03-27 12:31:17

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On March 27, Mitsubishi UFJ analyst Derek Halpenny stated in a report that if the conflict in Iran leads to an increase in funds flowing into safe-haven assets, the dollar may strengthen further. He noted, “If we are entering a period of higher risk aversion and the stock market experiences larger declines, we expect the dollar to strengthen further.” In this scenario, trade conditions and yield dynamics are unlikely to have a significant impact on currency direction. He mentioned that in a more severe scenario, if Brent crude oil prices rise from the current $110 per barrel to a range of $120 to $160, and the stock market suffers greater losses, the dollar index could rise to around 105.

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