Asia FX mixed amid Iran conflict worries; S.Korean won, Indian rupee top losers
Asia FX mixed amid Iran conflict worries; S.Korean won, Indian rupee top losers
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Gold witnessed a significant pullback as the dollar strengthened amid the global developments. In the long run, gold maintains its uptrend amid persistent geopolitical uncertainty and central bank purchases. Traders await the key US CPI releases for further policy cues. The gold forecast remains mildly subdued after witnessing a sharp retreat, trading around the $4,060…
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EUR/USD Corrects Lower in Post-Fed Pause
By RoboForex Analytical Department The EUR/USD pair extended its decline on Friday, retreating further following the US Federal Reserve’s September meeting. The US dollar found support as the Fed’s rhetoric proved less dovish than markets had anticipated. While the central bank cut rates by 25 basis points and signalled two additional cuts in 2025, it…
