Dollar May Strengthen Amid Iran Conflict and Market Volatility

The dollar could see further strengthening if the conflict in Iran leads to increased flows into safe-haven assets, according to a report by Mitsubishi UFJ analyst Derek Halpenny. According to ChainCatcher, Halpenny suggests that a significant downturn in the stock market could also bolster the dollar's strength. In a more severe scenario, if Brent crude oil prices rise from $110 per barrel to a range between $120 and $160, the dollar index might climb to around 105.