Yuxin Bank: If the Iran war ends, the US dollar may further decline

ME News Report, April 8 (UTC+8), Yu Xin Bank analyst Roberto Mialich stated in a report that if the Iran war ends or becomes a risk factor for the Trump administration, the US dollar could further decline. He pointed out that if risk appetite eases, the dollar’s safe-haven role means it will lose support, as seen after Trump announced a two-week ceasefire. He said, “Once the conflict finally ends, the market will refocus on the factors that suppressed the dollar before the outbreak of war.” If the US becomes embroiled in a prolonged conflict with no clear exit strategy, the dollar could also weaken. He noted that this could trigger a new wave of concerns about the credibility of US economic policies and the dollar. (Jin10) (Source: ODAILY)