Asian Currencies Slide as Iran Tensions Boost Dollar and Oil Prices 
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
China Inflation Jumps as Iran Conflict Drives Energy Costs Higher 
Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
KOSPI Hits Record High as AI Chip Demand Boosts Samsung and SK Hynix 
Indian Stock Market Drops as Iran Conflict Fuels Oil Price and Inflation Fears 
Norway Core Inflation Hits 3.2% in April, Fueling Interest Rate Hike Expectations 
Australia Budget 2026: Smaller Deficit Expected Amid Tax Reform Push 
Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs 
Dollar Rises as Strait of Hormuz Crisis Pushes Oil Prices Higher 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
US Auto Industry Urges Trump to Block Chinese EV Market Access 
Trump-Xi China Summit 2026: Trade Tensions, Taiwan, and Iran Take Center Stage 
China Car Sales Drop Again as EV Export Growth Surges in April 
Trump-Iran Tensions Keep Oil Prices Elevated Amid Hormuz Supply Fears 
Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions 
The U.S. dollar strengthened slightly on Monday as investors turned to safe-haven assets following rising tensions between Washington and Tehran. Market sentiment remained cautious ahead of key U.S. inflation reports expected later this week, with traders closely monitoring the impact of surging oil prices on the economy.
The U.S. Dollar Index, which measures the greenback against six major currencies, climbed 0.1% to 97.96 during late trading. The move came after President Donald Trump rejected Iran’s latest proposal aimed at ending the ongoing conflict between the two countries.
Iran reportedly requested recognition of its sovereignty over the Strait of Hormuz, an end to hostilities, and compensation for war-related damages. Trump dismissed the proposal as “totally unacceptable,” criticizing Tehran for failing to address its nuclear program. He also described the current ceasefire as “unbelievably weak,” adding further uncertainty to global markets.
The Strait of Hormuz, a critical route for global oil shipments, remains a major point of conflict. Supply disruptions have pushed crude oil prices sharply higher, fueling concerns about inflation worldwide. Analysts believe elevated oil prices could continue supporting the U.S. dollar because the American economy is seen as more resilient than many others during energy shocks.
Investors are now focused on upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Economists expect energy costs to remain a major driver of inflation, while markets will also look for signs that higher fuel prices are spreading into core inflation categories. Stronger inflation data could reinforce expectations that the Federal Reserve may maintain higher interest rates for longer, which would likely support the dollar further.
Elsewhere, the Chinese yuan edged higher after stronger-than-expected inflation data from China, while the British pound and euro both slipped against the dollar amid political and economic uncertainty.
