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Dollar Soars as French Political Turmoil Sparks Global Flight to Safety: EUR/USD, GBP/USD, USD/CAD, and USD/JPY Outlook

The U.S. dollar strengthens sharply amid political turmoil in France, as investors seek safe-haven assets. Macron’s snap elections and rising far-right influence fuel euro weakness, impacting EUR/USD and GBP/USD. Meanwhile, USD/CAD and USD/JPY also react to shifting risk sentiment and yield differentials. Analysis by Alexander Kuptsikevich explores these dynamics and key support/resistance levels across major pairs. #Forex #USD #EURUSD #GBPUSD #USDCAD #USDJPY

AUD/USD

**AUD/USD: Trading in a Narrow Range Between 0.6580 and 0.6620, Says UOB Group**

AUD/USD looks set to trade range-bound between 0.6580 and 0.6620, according to UOB Group’s analysis. Momentum remains subdued with no clear directional bias. Breaks beyond this zone could lead to limited follow-through moves as markets await fresh catalysts amid ongoing global uncertainties. Traders should watch for key support at 0.6580 and resistance near 0.6620.

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**FTSE 100 Targets 9,500 as Gold Approaches $4,000, While GBP/USD Remains Range-Bound: Market Insights from Chris Beauchamp**

FTSE 100 approaches the key 9,500 level, fueled by strong earnings and commodity gains, while GBP/USD remains range-bound amid central bank caution. Meanwhile, gold eyes the $4,000 mark, supported by geopolitical tensions and inflation concerns. Market watchers should brace for potential volatility as these critical thresholds are tested.
— Analysis by Chris Beauchamp, IG Group

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