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Political developments in Iran have increased uncertainty about the conflict’s trajectory, boosting safe-haven demand for the dollar. The United States dollar posted its strongest weekly efficiency in a 12 months and should lengthen its rally amid intensifying geopolitical risks in the Center East. This is just too fragile a steadiness, and we see a higher risk of increased cryptocurrency sell-offs as institutional gamers are pressured to scale back leverage amid the decline of key property.
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