Analyst: Eased tensions in the Middle East are expected to weigh on the US dollar and US Treasury yields.

Golden Ten Data reported on May 8 that, as the market holds hopes for easing tensions in the Middle East, U.S. Treasury yields and the dollar have seen slight declines, while investors await the release of U.S. non-farm payroll data. Tickmill analyst Joseph Dahrieh stated in a report, "As the market anticipates a de-escalation of geopolitical tensions and the Middle East potentially moving towards an agreement, demand for safe-haven assets may weaken and the dollar continues to be under pressure. Although the Strait of Hormuz has recently seen renewed tensions, Trump reiterated that the ceasefire remains in effect, pushing the dollar lower." However, he pointed out that the current situation remains fragile and market sentiment may shift rapidly.