CoinWorld News reports, ME News reports, on March 3 (UTC+8), Chris Turner from ING Group stated in a report that the US dollar is currently the most benefited currency from the rise in energy prices triggered by the Middle East conflict. He mentioned that expecting the conflict to de-escalate seems premature, and America's energy independence allows it to remain unaffected by persistently high oil and gas prices. Meanwhile, the rise in energy prices has led to doubts about whether the Federal Reserve can still cut interest rates twice this year as previously expected. Turner predicts that the US dollar index may rebound to 100 this month, and it has already risen to 99.221, hitting a six-week high.
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CoinWorld News reports, ME News reports, on March 3 (UTC+8), Chris Turner from ING Group stated in a report that the US dollar is currently the most benefited currency from the rise in energy prices triggered by the Middle East conflict. He mentioned that expecting the conflict to de-escalate seems premature, and America's energy independence allows it to remain unaffected by persistently high oil and gas prices. Meanwhile, the rise in energy prices has led to doubts about whether the Federal Reserve can still cut interest rates twice this year as previously expected. Turner predicts that the US dollar index may rebound to 100 this month, and it has already risen to 99.221, hitting a six-week high.