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Dollar drops as Trump ceasefire prompts risk-on turn for markets

Global markets surged as US President Donald Trump announced a two-week ceasefire with Iran. The US dollar weakened significantly against major currencies like the euro, yen, Australian dollar, and New Zealand dollar. This development eased geopolitical tensions, leading to a ‘risk-on’ sentiment. Cryptocurrencies also saw substantial gains following the announcement.

Source :- Markets-Economic Times Read More

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