CBA: The US Dollar Should Continue to Benefit from the Global Economic Slowdown

Odaily News According to Joe Capurso, Head of International Economics at the Commonwealth Bank of Australia (CBA), the US Dollar Index remained stable above 98 during the Asian trading session, with reports suggesting that the US and Iran are seeking a new round of talks to end the war. He stated that it would not be surprising if the two-week ceasefire agreement is extended to facilitate further negotiations. However, he also pointed out that the global economy needs to adapt to reduced energy supply. Interest rate hikes will help align demand with supply. The US dollar should continue to benefit from the global economic slowdown, as it is a safe-haven currency. (Jin10)