The U.S. Dollar value inched lower after reports indicated that Iran has sent a new 14-point peace proposal to the U.S. through Pakistan to end the war which boosted investor sentiments. In addition, the U.S. halted its planned attack on Iran for tomorrow at the request of Gulf leaders, reducing war concerns.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 99.98, down by 0.30 (or 0.30%) 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.