Analyst: Unsuccessful US-Iran Negotiations Will Drive Further Gains for the US Dollar

Golden Ten Data, April 12 – Fiona Lim, Senior Strategist at Malayan Banking, stated that the market may be somewhat disappointed by the lack of results in the US-Iran negotiations, but this is not entirely unexpected. The US dollar may gain further upward momentum when markets open on Monday. Some Asian currencies, especially those of net energy importers such as the South Korean won, Philippine peso, Japanese yen, and Thai baht, had already started to weaken last Friday and may continue to face pressure this week.