The U.S. Dollar value inched higher after the two-day U.S.-China summit failed to deliver any breakthrough on a possible Chinese role to end the gulf crisis. With reopening of the Strait of Hormuz delaying along with concerns of re-escalation in the Middle East, the dollar index moved higher.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 99.27, up by 0.32 (or 0.32%) today.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.