EconomyOil slumps on hopes of Iran deal, yen spikes after intervention
Oil prices fell sharply on Monday as rising hopes for peace in the Middle East reduced market fears. Stocks moved unevenly during the session. The yen, meanwhile, jumped suddenly after the United States and Japan confirmed coordinated intervention to support the weakened currency. Investors were responding both to expectations surrounding a possible Iran deal and to the currency action by the two governments.
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Oil slumps on hopes of Iran deal, yen spikes after intervention
Economy