Analyst: Expectations of Eased Middle East Tensions Pressure Dollar and U.S. Treasury Yields

Odaily Planet Daily News – Due to market hopes for eased tensions in the Middle East, U.S. Treasury yields and the dollar have slightly declined, while investors await the release of U.S. non-farm payroll data. Tickmill analyst Joseph Dahrieh stated in a report: "As the market anticipates a cooling of geopolitical tensions and the possibility of an agreement in the Middle East, safe-haven demand may weaken, putting continued pressure on the dollar." "Although the Strait of Hormuz has recently seen renewed tensions, Trump's reaffirmation of the ceasefire's validity has pushed the dollar lower." However, he noted that the current situation remains fragile, and market sentiment could shift rapidly. (Jin10)