ING: News of Iran’s new proposal pressures the US dollar, but the downside is expected to be limited

Golden Ten Data reported on April 27 that ING analyst Chris Turner stated in a report that the US dollar weakened after media reported that Iran proposed a new plan to the United States to end the war. However, he pointed out that the decline may be limited, as oil prices remain high and investors are assessing how central banks will respond in a scenario where inflation rises and growth stagnates. This week, the Bank of Japan, the Federal Reserve, the Bank of England, and the European Central Bank will intensively announce their interest rate decisions.