ING: News of Iran's new proposal weighs on the dollar, but the decline is expected to be limited
Svmuu News: ING analyst Chris Turner stated in a report that the US dollar weakened following media reports that Iran has proposed a new plan to the US to end the war. However, he noted that the decline is likely to be limited, as oil prices remain high and investors are assessing how central banks will respond amid a combination of rising inflation and weak growth. This week, the Bank of Japan, the Federal Reserve, the Bank of England, and the European Central Bank will announce their interest rate decisions in quick succession. (Jin Shi)
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