Lates News

Joe Capros, head of the International Economics Department of the Commonwealth Bank of Australia (CBA), stated that during the Asian trading session, the US dollar index maintained stability above 98. Reports suggest that the United States and Iran are seeking a new round of talks to end the war. He mentioned that it would not be surprising if the two-week ceasefire agreement is extended to facilitate more talks. However, he also pointed out that the global economy needs to adjust to reduced energy supply. Increasing interest rates will help to balance demand and supply. The US dollar is expected to continue to benefit from the slowdown in global economic growth, as it is considered a safe-haven currency.