The US dollar index has given back its gains since the Iran war, and the market expects a low probability of the Federal Reserve raising interest rates.

Mars Finance news: according to Jintiao, the US dollar index DXY has essentially given back all of its gains since February 27. The dollar was already weak before the outbreak of the Iran war, weighed down by policy pressures, including Trump’s trade war and his threats to the independence of the Federal Reserve. Although investors unwound their dollar short positions after the war broke out, those gains have now vanished, partly because the market is optimistic that the United States and Iran may restart negotiations. Jane Foley of Rabobank said that divergence in global central bank policies is also an important factor.

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