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fxJun 8, 2026, 7:10 PM

Forex Today: Markets Assess Japanese GDP as ECB Decision Looms

The US Dollar Index trades cautiously near 100.00 as investors balance strong US data against improved risk sentiment after reports that Iran has ended military operations. Focus shifts to the upcoming ECB decision.

EURUSDUSDJPY

The US Dollar Index (DXY) is trading with a cautious tone near the 100.00 level on Tuesday, as market participants weigh resilient US economic data against a backdrop of improving global risk sentiment.

Risk appetite received a boost from reports indicating that Iran has ended its military operations, though further details remain limited. The development has tempered safe-haven demand, keeping the dollar on the defensive.

Attention now turns to the European Central Bank's upcoming policy decision, while Japanese GDP figures are also being assessed for currency direction. Traders remain cautious ahead of these key events.

Source: FXStreet Forex News