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Dollar Surges as Trump Labels Iran Peace Offer Unacceptable and Markets Chase Safe Havens
Economy
Published on 11 May 2026
Iran peace proposal rejected prompting safe-haven scramble
The dollar climbed against major currencies early Monday as strong US jobs data and renewed Iran US tensions increased demand for safe-haven assets. Oil prices also rose amid the geopolitical backdrop. Meanwhile, China’s export growth accelerated in April, adding complexity to global trade signals. Trump and Xi are expected to discuss key issues later this week, adding further market uncertainty.
- Dollar strengthens on US jobs momentum and geopolitical risk
- Trump’s Iran peace offer is called unacceptable
- Oil prices jump as tensions intensify
- China exports grow faster in April
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times