US Dollar strengthens following solid Manufacturing data while US-Iran tensions continue

June 1, 2026

Here’s what you need to know on Tuesday, June 2nd.

The U.S. dollar index (DXY) increased towards 99.20 on Monday, buoyed by better-than-anticipated manufacturing data from the U.S. that bolstered confidence in the economy’s robustness.

The ISM manufacturing PMI jumped to 54 from 52.7 in May, eclipsing the forecast of 53, while the employment index also saw some improvement, rising to 48.6. Investors are keeping a close watch on developments in the Middle East after Iran ceased communication with the United States. However, optimism grew somewhat after President Trump stated there would be no troops in Beirut and confirmed that Hezbollah had agreed to halt all firing.

USD price today

The table below outlines the percentage change of the U.S. dollar (USD) against various major currencies today. At present, the USD is demonstrating significant strength against the New Zealand dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.22%	-0.06%	0.27%	0.28%	0.29%	0.88%	0.71%
EUR	-0.22%		-0.27%	0.00%	0.07%	0.13%	0.68%	0.48%
GBP	0.06%	0.27%		0.30%	0.34%	0.32%	0.90%	0.74%
JPY	-0.27%	0.00%	-0.30%		0.04%	0.05%	0.65%	0.45%
CAD	-0.28%	-0.07%	-0.34%	-0.04%		0.00%	0.59%	0.41%
AUD	-0.29%	-0.13%	-0.32%	-0.05%	0.00%		0.53%	0.39%
NZD	-0.88%	-0.68%	-0.90%	-0.65%	-0.59%	-0.53%		-0.18%
CHF	-0.71%	-0.48%	-0.74%	-0.45%	-0.41%	-0.39%	0.18%

The heat map shows the percentage change between major currencies. The base currency is indicated from the left column, while the quote currency is from the top row. For instance, if you select USD from the left and move to JPY along the row, the percentage shown will illustrate the change in USD (base)/JPY (estimate).

EUR/USD is wobbling around 1.1630, as the USD’s overall strength following the positive ISM report is weighing down the pair. It has struggled to gain momentum, focusing on the resilient U.S. economic indicators.

GBP/USD settled around 1.3460 as the USD weakened after an initial spike. Even though the risk sentiment remains fairly stable, the pair is still under pressure.

USD/JPY is climbing towards 159.70, supported by increasing U.S. yields and positive economic data. The pair is approaching intervention levels, so investors are curious to see how Japan reacts when the Asian markets open.

The stronger U.S. dollar and cautious market sentiment affected the Australian dollar, with AUD/USD slipping toward 0.7160.

West Texas Intermediate (WTI) oil is trading close to $92.40 a barrel after fluctuating headlines about the Middle East. Prices found initial support after Iran halted communication with the U.S., but gains were minimal following President Trump’s remarks that he is not concerned about oil prices even if Iran obstructs the Strait of Hormuz, suggesting that tensions in Lebanon might ease.

Gold (XAU/USD) has dipped to around $4,480 as the market favors a stronger U.S. dollar and rising Treasury yields following the positive ISM manufacturing data amidst geopolitical uncertainty.