ING: News of new Iranian plan weighs on the dollar, but the decline is expected to be limited.

In a report, ING analyst Chris Turner stated that the dollar weakened after media reports that Iran had offered the US a new proposal to end the war. However, he noted that the decline might be limited, as oil prices remain high and investors are assessing how central banks will respond to a situation of rising inflation and weak growth. This week, the Bank of Japan, the Federal Reserve, the Bank of England, and the European Central Bank will all announce their interest rate decisions. (Jinshi)