US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
The dollar found safe-haven support ahead of U.S. President Donald Trump's upcoming tariffs, but it remains on track for a monthly loss as investors weigh the tariff threats against a weakening U.S. growth outlook. Meanwhile, the yen is poised to close the month with a 3.6% gain, its best performance since July, due to expectations of more Bank of Japan rate hikes this year. The yen recently edged up 0.04% to 149.65 per dollar after core inflation data from Tokyo showed signs of slowing in February.
Despite inflation pressures in Japan, Rodrigo Catril from National Australia Bank suggests that while normalization is likely, the BOJ will remain cautious in the current uncertain environment. In contrast, the risk-sensitive Australian dollar dipped to a three-week low at $0.62305, losing nearly 2% for the week, though it saw a slight 0.3% gain for the month.
The euro struggled at a two-week low of $1.0389, facing a 0.6% weekly decline but still managing a modest 0.36% monthly gain. The dollar briefly rose above the 7.30 level against the yuan, with the offshore yuan last standing at 7.2966.
Trump's announcement of 25% tariffs on Mexican and Canadian goods and an additional 10% duty on Chinese imports has spooked markets, increasing risk aversion. The greenback hovers near a one-week high against a basket of currencies, with the dollar index at 107.24, but it’s set for a 1.1% monthly loss due to weaker-than-expected economic data and growing concerns over U.S. growth. The pound edged up to $1.2607, supported by expectations of fewer rate cuts from the Bank of England.
