[Analysis: Geopolitical Risks Combined with Delayed Rate Cut Expectations May Make the Dollar the Ultimate Winner] Reported by Golden Finance, according to analysts at Capital Economics, as the Iran conflict evolves, global financial markets are likely to be impacted by fluctuations in investor risk appetite. They warn that if the conflict escalates, government bonds may fail to provide reliable safe-haven protection, as expectations for monetary easing could be postponed. This situation is particularly evident in economies like the United States, where the market has already priced in multiple rate cut expectations. If sentiment continues to deteriorate, the dollar may strengthen further, primarily due to the cessation of rate cuts making relative yields more favorable for the dollar, as well as the United States' position as a net energy exporter.