On April 7th, Chris Turner of ING Group stated in a report that unless the Middle East conflict reaches a ceasefire or the Tuesday evening deadline set by U.S. President Trump for reaching an agreement with Iran is significantly extended, the U.S. dollar is likely to continue to be in demand. He said, "Rising energy prices are continuing to support the dollar, and the seemingly strong U.S. economy is doing the same." He was referring to the United States' position as a net oil exporter. He added that if no agreement is reached by 8:00 p.m. Eastern Daylight Time and Trump follows through on his threat to bomb Iran's civilian infrastructure, energy prices could see further sharp increases. The DXY dollar index remains steady at 100.02, and ING Group expects the index to stay within the 100.00-100.50 range before the deadline.

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