The U.S. Dollar value edged higher after robust nonfarm payrolls data release in the U.S. In addition, despite U.S. President Donald Trump confirming progress in U.S.-Iran talks, the delay in reopening of the Strait of Hormuz kept oil-related inflationary concerns alive.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 100.06, up by 0.63 (or 0.63%) today.
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Forex News
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.