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2026-05-29 12:10:08
[National Australia Bank: US Economic Resilience May Limit Dollar Decline] 1. Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, said that even if the US and Iran ultimately reach a peace agreement, the resilience shown by the US economy may limit the extent of the dollar's decline. 2. He pointed out, "If a credible and more lasting peace agreement is reached, the dollar may fall, as the global situation will improve, and lower energy prices will be a major positive factor." 3. However, he also believes that after the initial boost in market sentiment, the influence of relative growth will gradually increase. "The US has proven to be more resilient than other economies. If this continues, the dollar's decline, which the market had initially expected, will be relatively limited." 4. Catril added that the New Zealand dollar performed well on Friday, mainly driven by the Reserve Bank of New Zealand's continued hawkish stance, better-than-expected survey data released that day, and the unwinding of long positions in the Australian dollar against the New Zealand dollar.
