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Dollar strengthens as Trump says Iran peace offer 'unacceptable'

May 11, 2026
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The dollar strengthened against major currencies early Monday. Strong US jobs data and ongoing geopolitical tensions involving Iran and the US boosted demand for the safe-haven currency. Oil prices saw a jump. China's export growth accelerated in April. US President Donald Trump and Chinese President Xi Jinping are set to discuss key global issues later this week.

Economic Times
Economic Times

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