1414 GMT – The Iran war is unlikely to be resolved until the end of May, keeping the euro versus the dollar weaker compared with levels before the conflict, Commerzbank’s Michael Pfister says in a note. 1155 GMT – The dollar could strengthen further if flows into safe-haven assets rise due to the Iran conflict, MUFG Bank’s Derek Halpenny says in a note. In a more severe scenario where Brent crude rises to a range of $120 to $160 per barrel from $110 currently and equity markets take an even bigger hit, the DXY dollar index could rise close to 105, he says.
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