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

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ME News news, April 8 (UTC+8). In a report, Yuushin Bank analyst Roberto Mialich said that if the Iran war ends or becomes a risk factor for the Trump administration, the US dollar could fall further. He pointed out that if risk appetite cools, 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 is ultimately resolved, the market will refocus on the factors that suppressed the dollar before the outbreak of war.” If the United States gets drawn into a protracted conflict with no clear exit strategy, the dollar could also weaken. He said this could trigger fresh concerns about US economic policies and the dollar’s new round of credibility. (Jin10) (Source: ODAILY)

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