Commonwealth Bank of Australia: As long as the conflict continues, the US dollar will remain dominant
According to Golden Ten Data on March 27, Carol Kong, currency strategist at Commonwealth Bank of Australia (CBA), stated, "The US-Iran conflict does not seem likely to end in the short term. As long as the conflict persists, the US dollar will remain dominant. If our judgment that this conflict will be prolonged is correct, I believe oil prices will continue to rise, which will push up the US dollar exchange rate, while net energy importing currencies such as the Japanese yen and the euro will come under pressure as a result."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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