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Back Fundamental analysis
US dollar finds fresh trump card
Strike while the iron is hot.
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Strike while the iron is hot. The saying aptly describes EUR/USD's reaction to the talks between the US and the Islamic Republic. Tehran initially walked away, then reported "significant progress" in the dialogue. Lifting sanctions on Iranian oil exports and unfreezing assets look like tangible gains for the country. The geopolitical premium in oil is rapidly evaporating, and with it the balance of power on FX is changing. If the dollar previously benefited from geopolitics, it now benefits from central
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Marek Petkovich,
Analytical expert of InstaForex
© 2007-2026
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Igor Kovalyov
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