Analysts: Failure of US-Iran negotiations will give the dollar further upward momentum

On April 12, Fiona Lim, senior strategist at Malaybank, said that the market may be somewhat disappointed that the US-Iran negotiations have failed, but this is not completely unexpected. The dollar may gain further momentum when it opens on Monday. Some Asian currencies, especially the currencies of net energy importers such as the Korean won, Philippine peso, Japanese yen, and Thai baht, have begun to weaken last Friday and may continue to face pressure this week.