The NZD/USD pair trades near the 0.5870 level on Friday, as the United States Dollar (USD) remains supported by cautious Federal Reserve (Fed) commentary and safe-haven demand amid ongoing uncertainty surrounding Iran.

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD has broken to a two‑month high near 1.2840, with strong momentum pointing to further Dollar strength against the Singapore Dollar.

The US Dollar Index (DXY) fell toward 99.18 early Thursday before steadily climbing during the North American session to 99.45 as investors digested comments from a series of Federal Reserve (Fed) officials ahead of the highly anticipated Nonfarm Payrolls report on Friday.

MUFG’s Lloyd Chan highlights that IDR is under particular pressure as rising US yields intersect with domestic policy uncertainty and higher energy prices.

Commerzbank highlights that Vietnam’s May Consumer Price Index (CPI) rose to 5.6% year-on-year, the highest since January 2020, driven by food and energy costs, while the trade deficit widened to a record USD 5.2 billion on strong import growth.

Silver price bounces off weekly lows of $72.47, near the $74.00 level, up over 1.70%, as market mood is mixed, with investors rotating out of technology stocks and into other sectors, even though tensions around the Middle East conflict remain high.

UOB’s Quek Ser Leang and Lee Sue Ann report a sharp rebound in USD/CNH above 6.78, which invalidated their prior bearish view. They now see the pair as neutral, expecting consolidation between 6.7620 and 6.7980 near term, with 6.7850 and 6.7980 acting as key resistance levels.

West Texas Intermediate (WTI) Crude Oil slips nearly 3% on Thursday as market sentiment improves following a ceasefire agreement between Israel and Lebanon. At the time of writing, WTI trades around $91 per barrel, snapping a three-day winning streak.

Jeffrey Schmid, President of the Federal Reserve (Fed) Bank of Kansas City, said on Thursday that inflation remains the primary threat to the US economy, while raising questions about whether the Fed may need to keep interest rates elevated or even tighten policy further to ensure price stability.

Gold (XAU/USD) rises over 1% on Thursday as Oil prices slide, easing inflationary pressures, while market sentiment is upbeat amid speculation of a resolution to the US-Iran conflict. The XAU/USD pair trades at $4,483 after bouncing off daily lows of $4,424.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that the Korean Won is underperforming, with USD/KRW surging to its highest level since 2009.

The Swiss Franc spent Thursday doing something that, on paper, should not work.

Mary Daly, President of the Federal Reserve Bank of San Francisco, said on Thursday that inflation remains the Federal Reserve's (Fed) primary concern, while emphasizing uncertainty around the economic outlook and the future path of interest rates.

Ripple (XRP) edges lower, trading around $1.15 at the time of writing on Thursday, its lowest price since February 6.

The Canadian Dollar (CAD) recovers some ground against the US Dollar (USD) on Thursday, with USD/CAD reversing earlier gains as traders weigh a softer Greenback against lower Crude Oil prices.

The Dow Jones Industrial Average (DJIA) tore to a record on Thursday, adding 865 points, or 1.7%, to settle above 51,000 and print an intraday high near 51,300. The split tape underneath told the real story.

EUR/USD edges higher on Wednesday as signs of easing tensions in the Middle East reduce safe-haven demand for the US Dollar (USD). At the time of writing, the pair trades around 1.1625, up 0.25% on the day.

The Pound Sterling registers gains of over 0.16% amid news that Israel and Lebanon agreed on a ceasefire, but headlines that Hezbollah rejected the plan triggered a retracement on Cable. The GBP/USD trades at 1.3439, after bouncing off daily lows of 1.3408.

The AUD/USD pair trades near 0.7140 on Thursday as the US Dollar (USD) regains traction following the latest labor market data, while traders continue to assess remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock.

United States 4-Week Bill Auction fell from previous 3.63% to 3.615%

Bob Savage highlights that the OECD now sees the Middle East conflict as the main driver of the global outlook, with surging energy and input prices lifting inflation and weighing on growth.

Scotiabank’s Analyst Team highlights that Japanese Yen gains are modest as USD/JPY hovers near the key 160 level, keeping intervention risk in focus.

ING highlights that investment funds in TTF gas remain relatively relaxed despite LNG supply disruptions in the Middle East.

United States EIA Natural Gas Storage Change below expectations (99B) in May 29: Actual (95B)

TD Securities expects the Bank of Canada to stay data dependent despite USMCA uncertainty. The bank sees a high bar for trade risks to alter the current path, with the next BoC hike projected for Q1 2027 while the Fed shifts toward easing.

USD/JPY trades around 159.90 at the time of writing on Thursday, down 0.10% on the day. The pair is moving lower as the Japanese Yen (JPY) benefits from renewed demand, supported by growing expectations that the Bank of Japan (BoJ) will deliver another interest rate hike at its June policy meeting.

RaboResearch Global Economics & Markets discusses how the Australian Dollar has been one of the best-performing G10 currencies in 2026, helped by three RBA rate hikes, but notes recent softer Australian data suggest the cycle may be near its peak.