Middle East military buildup sparks invasion concerns, ample bullish momentum for the US dollar
According to ChainCatcher, citing Golden Ten Data, as market expectations rise that the United States will launch further military strikes against Iran, the US Dollar Index climbed during the afternoon trading session in Asia. Two analysts from the Global Economics and Market Research Department of Commonwealth Bank of Australia stated that the US is doubling the size of its A-10 attack aircraft fleet in the Middle East, and the movement of military assets and troops has increased the likelihood of a ground invasion. Owing to the US dollar's safe-haven status, analysts remain optimistic about its performance.
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