According to a report by Jinshi, Mitsubishi UFJ analyst Derek Halpenny stated that if the conflict in Iran leads to an increase in capital inflows into safe-haven assets, the dollar may strengthen further. He anticipates that if the stock market experiences a larger decline, the dollar will strengthen further. In a more severe scenario, if Brent crude oil prices rise from $110 per barrel to the range of $120 to $160, the dollar index could rise to around 105.
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