Dollar drops on Middle East optimism, euro highest since 2021
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Edition: Singapore Indonesia Asia US/UK NEW YORK :The dollar fell on Tuesday and the euro rose to its highest level since October 2021 after a ceasefire between Iran and Israel was announced, even as Federal Reserve Chair Jerome Powell repeated that he expects inflation to begin rising this summer. The ceasefire began to take hold on Tuesday under pressure from U.S. President Donald Trump, raising hopes for an end to the biggest ever military confrontation between the Middle East arch-foes. "
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