Safe-haven demand cools, US dollar retreats from three-month high
ChainCatcher news, according to Golden Ten Data, the US dollar retreated after hitting a three-month high on Tuesday, mainly driven by safe-haven capital inflows and the US-Iran conflict pushing up oil prices. Jefferies economist Mohit Kumar stated that Trump proposed providing insurance for ships passing through the Strait of Hormuz, and Gulf countries may take countermeasures against Iran. These reports boosted market sentiment. Federal Reserve's Williams said that cooling inflation may provide room for further rate cuts in the future. Investors are focusing on upcoming US economic data, including the ADP private sector employment report at 21:15 (UTC+8) and the ISM services index at 23:00 (UTC+8).
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