Mitsubishi UFJ: Resolution of Middle East Conflict Still Appears Reasonable
2026-07-21 02:12:25
According to Jin10, Mitsubishi UFJ Bank senior FX analyst Michael Wan said in a research report that resolving the Middle East conflict still appears reasonable. Latest signs suggest talks and discussions are still taking place behind the scenes, including negotiations through mediators. With the U.S. midterm elections approaching and amid a shortage of U.S. munitions, oil prices may not return to the highs seen at the start of the conflict, and if that assumption is correct, Asian currencies, including the oil-sensitive Indian rupee and Philippine peso, have some room to perform better from now on.
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