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2026-05-28 20:26:19
[Mitsubishi UFJ Bank: Dollar May Strengthen Further If US and Iran Fail to Reach Peace Agreement] (1) Analysts at Mitsubishi UFJ Bank said the dollar could strengthen further if the US and Iran fail to reach a peace agreement. (2) As the conflict pushes up energy prices, inflation risks are building, which could lead more Federal Reserve officials to express concern about inflation rather than economic growth. (3) Therefore, failure to reach an agreement could cause US Treasury yields to rise again, which would boost the dollar given the renewed correlation between yield spreads and foreign exchange rates. The DXY Dollar Index rose 0.1% to 99.296, after hitting a seven-week high of 99.544 overnight.
