Dollar drifts lower as oil prices and bond yields slide on US-Iran hope
AUD/USD — All Desk Targets
| Firm | Stance | YE 2027 |
|---|---|---|
Goldman Sachs | Bullish | 0.7000 |
UOB | Bearish | 0.6835 |
Citi | Bearish | 0.6700 |
From the original
The start of the new week is seeing a more risk-on tilt in markets, as traders and investors are picking up on a more optimistic tone between US and Iran since the weekend. In particular, there was a New York Times report saying that Iran agreed to give up enriched uranium in an
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The desk interprets the recent uptick in risk asset purchases and dollar selling as a response to perceived progress in US-Iran negotiations, indicating a shift in investor sentiment. Per the full note [source], this development contrasts sharply with earlier fears of a potential oil market tipping point that could lead to a significant spike in crude prices. With no major economic events on the horizon, the focus remains on how these geopolitical dynamics will influence currency movements, particularly the USD's potential downside. The consensus among firms suggests a cautious outlook, with targets reflecting a range of expectations for the USD's trajectory.