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Traders believe the US dollar will rise in the coming weeks

MarsBitNews
Mars Finance News, June 1 — Traders believe that the US dollar will rise in the coming weeks, supported by factors including ongoing uncertainties in US-Iran negotiations and the rise of the US stock market driven by artificial intelligence. The US dollar index increased last month, and investors are currently assessing the difficulty of progress in US-Iran negotiations. This conflict has led to the closure of the Strait of Hormuz, causing energy prices to surge and raising concerns that central banks worldwide, including the Federal Reserve, may need to raise interest rates to combat inflation. On Monday, the index rose another 0.4%. Previously, there were reports that Iran would cease information exchanges with the US due to Israel expanding its attacks on Lebanon.
USIDX-0.02%
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NeonIceMelt
· 21h ago
This Lebanon issue has cut off the US-Iran channel, and there are no signs of easing in the short term.
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MarginMom
· 06-01 15:34
So now is an AI bull market and a dual-driven US dollar by geopolitical crises?
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PickingUpCatsInTheContract
· 06-01 15:27
Once Israel takes action, Iran immediately cuts off communication, and the negotiations table is shaken up quickly.
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YieldGoblin
· 06-01 15:27
The US-Iran negotiations say stop whenever they want; traders are updating their models overnight.
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TidalShellReflection
· 06-01 15:27
The recent rise of the US dollar index is quite interesting; with the Hormuz Strait closing, oil prices skyrocket, and inflation expectations are rising again.
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