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Geopolitics

Iranian President Pezeshkian says US pressure and threats undermine diplomatic efforts, Al Hadath reports

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Iran's President Pezeshkian warned that US pressure undermines diplomatic talks, while Tehran continues seeking dialogue amid a 35% trade drop and 66% inflation.

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FX/Bonds

[MARKET UPDATE] DXY moves to fresh session highs (99.54), weighing on peers such as EUR & GBP; USD/JPY heads back towards the 160.00 level; move appears to be contained within the FX space