Analysis: If the United States announces its involvement in the Iran Israel conflict, the US dollar may fall

Odaily Planet Daily News: Mitsubishi UFJ analyst Derek Halpenny said in a report that if the Trump administration confirms its involvement in the Israel Iran conflict in the coming days, the US dollar may fall. He stated that any intervention by the United States could accelerate the end of the conflict and curb Iran's motivation to create any disruptions in crude oil supply. This may lead to a drop in oil prices and weaken the US dollar. Lower oil prices will support further interest rate cuts by the Federal Reserve and be detrimental to the trade conditions of the United States as a major oil producing country. (Golden Ten)