Iraqis Await The US Federal Reserve's Interest Rate Decision
2025/07/02 Reading: 90 times {Economic: Al Furat News} Iraq is closely monitoring the US Federal Reserve's upcoming interest rate decision amid expectations it will have a direct impact on the currency market and local investments.
In this context, economic expert Salah Nouri told Furat News, "The dollar's decline as a result of inflation or interest rate cuts by the Federal Reserve usually prompts investors and central banks to seek safe havens such as gold.
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He added, "The Central Bank of Iraq is in a good position in terms of its investments in gold," noting that "the bank's balanced policy is to diversify investments between gold and the dollar."
Nouri explained that "this investment diversification aims to protect the Iraqi economy from global market fluctuations," adding that "Iraq is carefully awaiting the Federal Reserve's decision, given its repercussions for its financial stability." LINK
