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LIVE DESK·Global markets desk·Last updated 14s ago
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Asian Currencies Drift as Traders Weigh Fed Path and Iran Tensions

Asian foreign exchange markets traded without clear direction on Friday as investors assessed the outlook for U.S. monetary policy and escalating geopolitical tensions.

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Sophie Laurent · FX & Rates Desk · 18 Aug 2026 · 1 min read
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Asian Currencies Drift as Traders Weigh Fed Path and Iran Tensions

Asian foreign exchange markets lacked clear direction on Friday as currency traders weighed upcoming signals regarding the U.S. Federal Reserve's interest rate trajectory alongside rising geopolitical tensions between the United States and Iran.

Market participants remained cautious, balancing potential shifts in Fed policy against safe-haven flows driven by Middle East developments. The absence of strong catalysts left regional currencies trading in mixed ranges as investors awaited further macroeconomic data and official commentary.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk

Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.

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