The Greenback has enjoyed a “Safety Bid” of sorts since the initial attacks on Iran but its hardly dented the major decline which started in early 2025, when countries started buying gold and diversifying away from the worlds reserve currency. At this stage we anticipate the underlying bearish trend will reassert itself in the coming months.
- We can see the $US Dollar ultimately testing the 90 area implying Fed rate cuts and easing concerns around Iran.
MM remains bearish towards the $US Dollar around 98
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