CBA: The US dollar should continue to benefit from the global economic slowdown.

According to Odaily Planet Daily, Joe Caprosh, head of international economics at the Commonwealth Bank of Australia (CBA), stated that the US dollar index remained stable above 98 during Asian trading hours, amid reports that the US and Iran are seeking a new round of talks to end the war. He said it wouldn't be surprising if the two-week ceasefire agreement were extended to facilitate further talks. However, he also pointed out that the global economy needs to adapt to reduced energy supplies. Interest rate hikes will help align demand with supply. The US dollar should continue to benefit from the slowdown in global economic growth, as it is a safe-haven currency. (Jinshi)