The rise in energy prices supports the dollar's performance, and analysts predict the dollar index will rebound to 100

According to Jinshi News, Chris Turner from ING Group pointed out in a report that the US dollar is currently the currency that benefits the most from the rise in energy prices triggered by the conflict in the Middle East.

He stated that expecting a de-escalation of the conflict seems premature, and America's energy independence allows it to be insulated from the impact of persistently high oil and gas prices. At the same time, the rise in energy prices raises doubts about whether the Federal Reserve can still cut interest rates twice as previously expected within the year. Turner predicts that the dollar index may rebound to 100 this month, having already risen to 99.221, reaching a six-week high.