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Dollar Firms as Tehran Talks Drag, Rupee, Taka and Rufiyaa Feel the Squeeze The greenback ticked up against a basket of major peers on Tuesday as the market quietly retired the idea that Washington and Tehran are about to shake hands on a nuclear settlement any time soon.
For trading desks in Mumbai, Karachi, Colombo, Dhaka and Male, that single sentence translates into a long list of practical headaches.
Signals coming out of Vienna and Washington over the past week have made clear that the gap between the two capitals is wider than the optimistic headlines of mid-May suggested.
Sanctions relief, enrichment caps and the question of Iranian missile programmes are all still stuck in the same loop they have been stuck in since the JCPOA unravelled in 2018.
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