CBA: The US dollar is expected to continue benefiting from the slowdown in global economic growth.

According to Odaily, Joe Capurso, Head of International Economics at Commonwealth Bank of Australia (CBA), stated that during the Asian trading session, the US Dollar Index remained stable above 98, with reports indicating that the United States and Iran are seeking a new round of talks to end the war. He mentioned that it would not be surprising if the two-week ceasefire agreement were extended to facilitate further negotiations. However, he also pointed out that the global economy needs to adapt to a reduction in energy supply. Raising interest rates will help align demand with supply. The US dollar is expected to continue to benefit from the slowdown in the global economy, as it is a safe-haven currency. (Golden Ten Data)