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ING: Due to concerns over escalating war, the US dollar strengthens again
Odaily Planet Daily News: As concerns about the Middle East conflict intensifying have pushed up oil prices and hit risk sentiment, the U.S. dollar has strengthened again. Previously, stronger yen—after Japanese officials issued stronger warnings about potential intervention to support the yen—had caused the dollar to dip slightly. However, the dollar’s decline was limited and short-lived, supported by its safe-haven characteristics and the United States’ position as a net oil exporter. In a report, Chris Turner of ING said, “Unless Iran releases clear signals of de-escalation, it’s difficult to see the dollar give back this month’s gains in the near term.” (Jin Ten)