Analyst: Short-term conflicts may limit the room for the US Dollar Index, with the Strait blockade remaining the biggest variable

Odaily Planet Daily reports that Ebury strategist Matthew Ryan stated in a report that if the Middle East conflict lasts for a relatively short period, the recent upward momentum of the US dollar may have limited room to grow. He pointed out that the market is currently pricing in a conflict lasting about a month based on signals from Trump. In this scenario, the dollar’s gains should be restrained, and once the conflict ends, a correction is likely. However, broader regional involvement and the ongoing blockade of the Strait of Hormuz “pose clear risks.” He believes this will lead to further surges in oil prices, which will boost the dollar and hurt risk-sensitive currencies. (Jin10)

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments