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Dollar Falls on U.S.-Iran Peace Deal Hopes, Stronger Yen - BARRON'S

MAY 06, 2026

The dollar was falling, reflecting hopes for a U.S.-Iran peace deal and a stronger Japanese yen amid intervention speculation. President Donald Trump said Tuesday on his Truth Social platform that there had been "great progress" towards a complete and final agreement with Iran. Meanwhile, there is market chatter that Japanese authorities used currency interventions to bolster the yen earlier Wednesday after taking possible action last week.

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