The U.S. Dollar value edged higher after the U.S. halted its planned attacks on Iran for today to facilitate negotiations. However, escalation concerns renewed after U.S. President Donald Trump stressed that strikes could restart anytime in the coming days if Iran is unable to strike a deal with the U.S.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 99.31, up by 0.32 (or 0.32%) today.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.