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Peter Schiff links the decline of the dollar below 98 to rising oil prices and bond yields amid weak demand for safe-haven assets.
Rising oil prices above $110 per barrel and a decrease in yields to 4.35% are changing inflation forecasts and investor positions worldwide.
Economist Peter Schiff stated that the US dollar weakened against the backdrop of rising oil prices and bond yields.
He noted that the dollar index fell below 98 points, thereby offsetting the previous strengthening associated with geopolitical tensions.
In his opinion, this happened due to decreased demand for safe-haven assets and growing inflationary pressure in energy markets.