Hope Springs Eternal

2026-05-29 08:30:00 ET

There do not appear to be materially new developments from the Middle East today. While some US officials seem optimistic that progress has been made, it is not clear that an agreement is at hand. Still, oil prices are more than a dollar lower, and equities are mostly firmer. The dollar is mixed against the G10 currencies and mostly in narrow ranges. The New Zealand dollar, which jumped yesterday on the back of a hawkish hold by the central bank, is the strongest of the G10 currencies. It is up nearly 2% this week. Sterling and Japanese yen are the only two G10 currencies that have fallen against the dollar this week....

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