The U.S. Dollar value edged higher driven by oil-driven inflationary concerns brought on due to the impasse in U.S.-Iran conflict and reports of a possible fresh military offensive by the U.S. on Iran. In addition, stronger-than-expected April month's consumer price data supported the U.S. dollar.
The U.S. Dollar value ended nearly flat after U.S. President Donald Trump rejected Iran's response to a U.S.-offered plan to end the gulf war. However, expectations of traders that the upcoming meeting between U.S. and Chinese premiers could yield a solution to the crisis capped the gains.
The Japanese yen weakened against other major currencies in the European session on Monday, due to worries about Japanese authorities intervening in the foreign exchange market. Concerns over Japan's economic future and rising oil prices continue to put pressure on the Japanese yen (JPY). Following...
Sentiment in world markets remains tethered to the geopolitical situation in the Middle East while the fresh uncertainty following President Trump's rejection of Iran's response to the American peace plan has dampened optimism.
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.