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Middle Eastern military buildup raises invasion concerns; the US dollar has strong upward momentum for the future.
ME News report, April 2 (UTC+8), as market expectations grow that the United States will carry out further military strikes against Iran, the U.S. dollar index rose during the Asian afternoon trading session. Two analysts from the Commonwealth Bank of Australia’s Global Economics and Markets Research division said that the U.S. is doubling the size of its Air Force A-10 attack aircraft fleet in the Middle East, and that increased movement of military assets and troops raises the likelihood of a ground invasion. Based on the dollar’s safe-haven positioning, the analysts from the Commonwealth Bank of Australia’s Global Economics and Markets Research division continue to hold a positive view of its trend. (Source: ChainCatcher)