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Middle Eastern military buildup raises invasion concerns; the US dollar's outlook remains bullish with strong momentum.
ME News report, April 2 (UTC+8). As market expectations grow that the United States will launch more military strikes against Iran, the US dollar index rose during the Asian afternoon trading session. Two analysts from the Global Economics and Markets Research Department of the Commonwealth Bank of Australia said the US is doubling the size of its A-10 attack aircraft fleet in the Middle East. The increased deployment of military assets and troops has raised the likelihood of a ground invasion. Based on the US dollar’s safe-haven status, the analysts continue to favor its outlook. (Source: ChainCatcher)