Analysis: Dollar could fall if US announces involvement in Iran-Israel conflict

Odaily News Derek Halpenny, an analyst at Mitsubishi UFJ, said in a report that the dollar could fall if the Trump administration confirms U.S. involvement in the Israel-Iran conflict in the coming days. He said any U.S. involvement could accelerate the end of the conflict and curb Iran's motivation to create any crude oil supply disruptions. This could prompt oil prices to fall back and weaken the dollar. Lower oil prices would support the Fed's case for further rate cuts and be unfavorable to the U.S.'s terms of trade as a major oil producer. (Jinshi)