The dollar is facing its largest monthly decline since June of last year, as safe-haven trading calms down
According to Jinshi News, due to the prospects of peace negotiations in the Iran war, traders are unwinding their bets on the safe-haven currency, the US dollar, which is facing its largest monthly decline since June of last year. The dollar index fell 1.8% in April, primarily due to the ceasefire agreement reached between the US and Iran earlier this month. Recently, with oil prices soaring again and market expectations of a possible interest rate hike by the Federal Reserve next year, the dollar index has rebounded, and the decline has eased. Nathan Tuft, a senior portfolio manager at Manulife Investment Management, stated that looking ahead, the dollar may decline but will still maintain a range-bound fluctuation.
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