Dollar edges up as investors weigh Iran peace hopes against Fed rate outlook
Donald Trump
May 19 : The U.S. dollar rose on Tuesday as investors balanced cautious hopes for a Middle East peace deal against concerns that the Federal Reserve could raise rates to curb energy-driven inflation. U.S. President Donald Trump said on Monday there was now a "very good chance" of reaching a deal limiting Iran's nuclear program. The dollar jumped in March after Iran's effective closure of the Strait of Hormuz pushed oil prices higher, weighing on oil-dependent economies such as Japan and the
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