Overseas Chinese Bank: Trump's speech has caused concern in the market that the situation will escalate further.

Overseas Chinese Bank stated that Trump's speech lowered people's hopes for a quick end to the war, prompting the market to prepare for further escalation of the situation in the short term, rising oil prices, and a strong dollar. "The long-term high oil prices have shifted concerns from inflation to growth concerns, which may not only begin to weigh on currencies of risk-sensitive energy-importing countries such as the New Zealand dollar, the pound, and the Swedish krone, but may also affect currencies of risk-sensitive energy-exporting countries such as the Australian dollar and the Norwegian krone," said the bank's forex strategist, Moh Siong Sim. "If US bond yields fall due to heightened growth concerns, the yen may transition from underperformance to outperformance," he added.