Canada and Germany Advance Major LNG Supply Partnership 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
The U.S. dollar is on track for a weekly loss, pressured by weak economic data and stalled trade talks. Markets are now focused on the upcoming U.S. nonfarm payrolls report, expected to show a 130,000 job increase, with the unemployment rate projected at 4.2%—though a rise to 4.3% is possible.
Recent U.S. data has fallen short of expectations, intensifying fears that tariffs under President Donald Trump are weighing on growth. The dollar index hovered at 98.72 after touching a six-week low, down 0.7% for the week.
Investors briefly welcomed news of a one-hour call between Trump and China’s Xi Jinping, though optimism faded as details remained vague. Meanwhile, a public dispute between Trump and Elon Musk stole attention from the call’s outcome, adding further market uncertainty.
The euro hit a 1.5-month high of $1.1495 after the European Central Bank's hawkish tone despite a rate cut. It last traded at $1.1449. Monex Europe’s Nick Rees noted caution but adjusted his forecast, now expecting only one more rate cut in September to 1.75%.
Sterling edged up 0.1% to $1.3583 and was set for a 0.9% weekly gain, following a surge to a three-year high. The yen dipped 0.1% to 143.74 per dollar. The Australian dollar rose 0.06% to $0.6512, and the New Zealand dollar climbed 0.17% to $0.6048—both on pace for 1.1% weekly gains.
Currency markets remain range-bound ahead of the U.S. jobs report, with traders watching for signs that the Fed’s tight policy may finally be impacting the labor market and dollar momentum.
