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Dollar weakens on US Iran deal optimism while yen surges on intervention bets
May 6, 2026
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Posted 3 hours ago by
The US dollar slipped against major currencies after signals from Donald Trump and Marco Rubio suggested progress toward a potential agreement with Iran. Trump announced a pause in naval operations linked to the Strait of Hormuz, easing immediate fears of escalation in the Gulf. At the same time, the Japanese yen strengthened sharply, reaching its [] The post Dollar weakens on US Iran deal optimism while yen surges on intervention bets appeared first on Modern Diplomacy.
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