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2026-11-04 18:28:30
[Mitsubishi UFJ: Dollar's Movement Depends on Iran Situation After Democratic Sweep] ⑴ Mitsubishi UFJ Bank's Jermaine Hellenie stated in a report that the dollar could extend its decline if President Trump does not further retaliate against Iran following the Democratic sweep in the US midterm elections. ⑵ Hellenie noted that the first unknown is whether Trump will use this lame-duck session to escalate the Middle East conflict. ⑶ Hellenie stated that Trump has claimed his voters understand his actions in Iran, which could foreshadow further action. ⑷ Hellenie believes that if Trump does not attack Iran and uses voter disapproval of his policies as a reason to seek a deal, the dollar's weakness is much more likely to continue. ⑸ The dollar index fell 0.5% to 101.329, after hitting a one-month low of 101.245.
