The U.S. Dollar value ticked higher with the Strait of Hormuz continuing to remain closed keeping inflationary concerns alive as reports of Iran sending a fresh peace proposal to the U.S. to end the gulf war eased escalation tensions which capped the gains.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.22, up by 0.08 (or 0.08%) today.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.