Dollar Could Extend Gains if Safe-Haven Demand Rises

1155 GMT – The dollar could strengthen further if flows into safe-haven assets rise due to the Iran conflict, MUFG Bank’s Derek Halpenny says in a note. In a more severe scenario where Brent crude rises to a range of $120 to $160 per barrel from $110 currently and equity markets take an even bigger hit, the DXY dollar index could rise close to 105, he says. 1154 GMT – Sterling is likely to underperform if risk aversion escalates due to the Iran war, MUFG Bank’s Derek Halpenny says in a note.