Geopolitical tensions in the Middle East combined with weak international currencies will support elevated demand for U.S. dollar assets
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"A fast moving geopolitical backdrop has added to the volatility. A ceasefire between the United States and Iran that took hold on June 22 helped reopen the Strait of Hormuz and supported risk appetite through late June."
"A fast moving geopolitical backdrop has added to the volatility. A ceasefire between the United States and Iran that took hold on June 22 helped reopen the Strait of Hormuz and supported risk appetite through late June."
"Chen highlights that 'Middle East tensions return as oil markets balance geopolitical risks and stable supply,' which could impact energy costs and inflation. Additionally, international factors like Japan's weak yen and fiscal strain will keep 'demand for U.S. dollar assets elevated.'"