The U.S. Dollar value edged higher after fresh attacks in the gulf renewed war concerns while private jobs data from the U.S. showed an increase of 122,000 in May, exceeding expectations.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 99.53, up by 0.24 (or 0.24%) today.
While against the Euro, USD was trading at 1.160, up by 0.28%, against the GBP, it was trading at 1.342, up by 0.36%.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.