USD Market Update
29 May 2026 • 00:26 GMT
The US dollar has recently eased against some major currencies, with USD/EUR trading near 0.8582, close to its 7-day low and around the 3-month average. Despite a brief boost early in the session due to safe-haven buying amid rising Middle East tensions, the dollar's gains were pared after U.S. economic data showed slower-than-expected growth in the first quarter.
Market focus shifts to geopolitical developments and oil prices, which can influence risk sentiment and the dollar’s direction. Meanwhile, the euro has benefited slightly from improved European economic sentiment, but concerns over inflation and growing energy costs keep euro gains limited.
against the yen, USD traded at around 159.3, just above its 3-month average, while the USD/CAD pair reached nearby 1.3778, near a 7-day low. The dollar also remains elevated versus the Indian rupee at 95.84, staying above its 3-month average. Overall, the dollar's movement remains range-bound, with market attention on geopolitical risks and upcoming economic data that could influence the next directional move.
📊 Quick forecast view
🔴 Mild downside
0.8310 – 0.8580
🌍 Global risk sentiment
🟠 Range-bound, downside bias
