Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Canada and Germany Advance Major LNG Supply Partnership 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
The U.S. dollar headed for a second consecutive weekly decline as escalating geopolitical tensions and renewed tariff threats weighed on investor confidence and reduced demand for U.S. assets. The dollar index (DXY), a key gauge of the greenback against a basket of major currencies, remained under pressure despite a modest rebound late in the week.
Market sentiment deteriorated after the White House confirmed that President Donald Trump signed an executive order targeting countries that supply oil to Cuba, raising fears of broader trade disruptions. These tariff threats added to existing global strains involving Iran, Venezuela, Greenland, and Europe, all of which have unsettled foreign exchange markets.
Concerns intensified following reports that Trump is considering targeted military strikes against Iran. The possibility of conflict pushed oil prices higher and further weakened the U.S. dollar, as investors moved away from risk-sensitive U.S. assets. Analysts noted that geopolitical uncertainty has become a key driver behind the recent dollar slide.
On Friday, the dollar index edged up 0.2% to 96.35, trimming its weekly loss to around 1.1%, though it remained near multi-year lows. Earlier in the week, the dollar touched a four-year low after Trump appeared unconcerned about currency weakness. Some stability returned after Treasury Secretary Scott Bessent reiterated Washington’s commitment to a strong-dollar policy.
In currency markets, the euro slipped 0.2% to $1.194, while the Japanese yen weakened to 153.39 per dollar. Sterling also eased to $1.3791. A softer dollar has offered limited relief to the yen, which has hovered in the 152–154 range amid speculation about potential intervention by U.S. and Japanese authorities.
The Federal Reserve provided mild support to the greenback after holding interest rates steady, with Chair Jerome Powell citing a resilient U.S. economy and easing inflation risks. In Japan, Tokyo inflation data showed core consumer prices rising 2% year-on-year, aligning with the central bank’s target.
Elsewhere, the Australian and New Zealand dollars both slipped against the U.S. dollar. In cryptocurrencies, bitcoin and ether posted small declines, reflecting cautious risk sentiment across global markets.
