USD Steadies as Market Eyes US-Iran Tensions, UK Jobs Data Beats Expectations
The US dollar remained stable as markets focused on the US-Iran conflict and inflation worries, while UK employment data for May came in better than expected, providing some support for the pound.
The US dollar held steady during the session as market participants kept a close watch on geopolitical tensions between the US and Iran, along with persistent concerns over inflationary pressures. The lack of major USD volatility suggests a cautious wait-and-see stance among traders.
In the UK, May's employment figures surprised to the upside, coming in better than expected. This positive data provided some support for the British pound, though broader market sentiment remained dominated by geopolitical risks and inflation narratives.
Source: FXStreet Forex News