Safe-Haven US Dollar Surges as Iran Tensions Pressure Global FX Markets | 28th May, 2026

Global markets remain in risk-off mode as escalating US-Iran tensions fuel safe-haven demand for the US Dollar and support oil prices. GBP, AUD, and CAD stay under pressure, while USD/JPY and USD/CAD maintain bullish momentum. WTI crude rebounds on renewed Strait of Hormuz supply concerns as traders focus on geopolitical risks and Fed expectations.

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