Goldman Sachs: US-Iran Conflict in First Month Strengthens USD, Foreign Official Institutions Sell U.S. Treasuries

Odaily News: Goldman Sachs states that the U.S. dollar strengthened in the first month of the US-Iran conflict, prompting foreign official institutions to sell U.S. Treasuries. Goldman Sachs strategists point out that these shifts appear to occur as some foreign governments strive to support their currencies and alleviate capital outflows during wartime. This is likely a temporary pattern and does not indicate a structural change in demand for U.S. Treasuries.