TechFlow News, March 4: According to data from JINSHI Data, Lee Hardman of MUFG Bank stated in a report that the U.S. dollar’s recent rebound may be short-lived, as the U.S.-Iran conflict is expected to last only weeks—not months. He said: “If this forecast proves accurate, the dollar’s trajectory is likely to peak in the near term and reverse beginning in Q2.” Hardman noted that the conflict has driven up oil prices and bolstered the dollar, owing to U.S. energy independence and diminished expectations for further Federal Reserve rate cuts. However, he pointed out that as long as energy prices recede, the Fed retains room to cut rates in the second half of 2026. Additionally, policy uncertainty in the U.S. may remain elevated.
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