Svmuu News Monex Europe analysts stated in a report that unless there are credible signs of de-escalation in the Iran war, the US dollar may continue to gain support in the short term. This conflict is driving safe-haven capital flows into the dollar. The war has led to rising oil prices, which also reinforces the market's judgment that the Federal Reserve will maintain a tight policy for longer than previously expected, thereby supporting the dollar. However, from a longer-term perspective, the market "underestimates the potential magnitude of US policy easing after concerns over energy prices begin to subside, which also means the dollar faces downside risks." (Jin10)