Analysis: US-Iran Negotiations Emerge as New Variable, Dollar and Oil Buying Strategy Faces Test

Odaily According to foreign exchange analyst Carter Johnson, under the market landscape following the release of CPI data, the US Dollar Spot Index has accumulated a drop of approximately 1.4% this week and is expected to record its largest weekly decline since January. In terms of clear macro trading strategies during the US-Iran conflict, buying the US dollar and oil performed quite well. However, as the foreign exchange market enters the next phase of trading driven by headlines (this time concerning reports of negotiations against the backdrop of a fragile ceasefire), this strategy will face a test. (Jin10)