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Dollar slumps as signs of deal to reopen Hormuz spur risk appetite — India Verified

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Dollar slumps as signs of deal to reopen Hormuz spur risk appetite

Business25 May 2026 at 07:37 amQuick read

Dollar slumps as signs of deal to reopen Hormuz spur risk appetite

Credibility score70 / 100

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2sources verified

The dollar weakened as oil prices dropped. A potential Hormuz deal spurred risk appetite. The Australian dollar advanced.

AI Credibility Analysis

The score falls in the 70-89 band as it is based on information from two named sources, Economic Times Markets and Mint Markets, with some specific data on oil prices and currency movements, but lacks official statements or multiple authoritative sources.

Original Sources

The Economic Times
Mint

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Dollar slumps as signs of deal to reopen Hormuz spur risk appetite

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