Goldman Sachs: USD Strengthened in First Month of US-Iran Conflict, Foreign Official Institutions Sell US Treasuries

Odaily reports that Goldman Sachs stated the USD strengthened in the first month of the US-Iran conflict, prompting foreign official institutions to sell US Treasuries. Goldman Sachs strategists noted that these shifts appear to have occurred as some foreign governments worked to support their currencies and mitigate capital outflows during the war. This is likely a temporary pattern and does not indicate a structural shift in demand for US Treasuries.