Japan Housing Starts (YoY) rose from previous -29.3% to 11.4% in April

May 29, 2026

Euro weakens below 1.1650 as Trump yet to comment on 60-day truce extension plan

The EUR/USD pair loses momentum to around 1.1635 during the early European trading hours on Friday. Mixed signals surrounding the US-Iran peace deal remain the primary driver of volatility. Traders will keep an eye on the preliminary readings of Germany’s inflation later on Friday.

Indian Rupee opens higher on renewed US-Iran deal optimism

The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Friday after a holiday in India due to Bakri Id the previous day. The USD/INR pair drops to near 95.50 as falling oil prices due to renewed optimism on the United States (US)-Iran deal have strengthened the Indian Rupee.