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The forex market ended the week with mixed performance as investors digested a series of economic releases and reassessed expectations for future Federal Reserve policy. The US Dollar held onto most of its recent gains, while risk-sensitive currencies traded cautiously ahead of next week's key economic events.
EUR/USD and AUD/USD remained range-bound as traders awaited additional confirmation regarding the timing of potential US interest rate cuts. Market sentiment continues to be heavily influenced by inflation trends, employment figures, and overall economic resilience in the United States.
Gold prices rebounded modestly after profit-taking in the US Dollar encouraged investors to return to safe-haven assets. Ongoing geopolitical tensions and uncertainty surrounding the global economic outlook continued to provide underlying support for the precious metal.
Looking ahead, investors will closely monitor upcoming inflation reports, retail sales data, and speeches from Federal Reserve officials. These events are expected to provide fresh direction for the US Dollar, major currency pairs, and precious metals in the week ahead.