Dollar strengthens as Trump says Iran peace offer ‘unacceptable’

May 11, 2026

The dollar strengthened against major currencies early Monday. Strong US jobs data and ongoing geopolitical tensions involving Iran and the US boosted demand for the safe-haven currency. Oil prices saw a jump. China’s export growth accelerated in April. US President Donald Trump and Chinese President Xi Jinping are set to discuss key global issues later this week.

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