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Emerging Currencies Rebound as Trump Says Iran War May End Soon - BLOOMBERG
(Bloomberg) -- Most emerging-market currencies rebounded from earlier losses as the dollar and oil prices sank after US President Donald Trump signaled the Iran war could be ending soon.
A gauge tracking emerging-market currencies gained as much as 0.2% in afternoon trading Monday after Trump said the military operation is “very far” ahead of its initial four- to five-week timeframe. The benchmark was down as much as 0.8% earlier. The late moves pushed a Bloomberg gauge of the greenback down 0.2% while Brent prices erased an earlier surge, trading below $90 per barrel.
