ING: If the Iran war causes oil prices to remain high, the US dollar may continue to receive support

Jinse Finance reported that on April 7, Chris Turner of ING stated in a report that unless a ceasefire is reached in the Middle East conflict or the Tuesday evening deadline set by President Trump for reaching an agreement with Iran is significantly delayed, the US dollar is expected to remain in demand. He said, "Elevated energy prices continue to support the US dollar, as does what appears to be a strong US economy." He was referring to the US's position as a net oil exporter. He noted that if no agreement is reached by 8 p.m. EDT and Trump follows through on his threat to bomb Iran's civilian infrastructure, energy prices could see another significant spike. The DXY US Dollar Index remains steady at 100.02, and ING expects the index to stay within the 100.00–100.50 range before the deadline arrives.