Analyst: Expectations of Easing Tensions in the Middle East Weigh on Dollar and US Treasury Yields

Odaily reported that U.S. Treasury yields and the dollar edged lower on hopes for a de-escalation of tensions in the Middle East, as investors also awaited the release of U.S. nonfarm payrolls data. Joseph Dahrieh, an analyst at Tickmill, said in a report: "As markets anticipate a cooling of geopolitical tensions and a potential move toward an agreement in the Middle East, safe-haven demand may weaken, continuing to put pressure on the dollar." "Although there has been renewed tension in the Strait of Hormuz recently, Trump reiterated that the ceasefire remains in effect, which has pushed the dollar lower." However, he noted that the situation remains fragile and market sentiment could shift rapidly. (Jinshi)