What per week to be glued to the headlines. From Might 25–29, one story ran the present throughout each market: the on-again, off-again U.S.-Iran deal to reopen the Strait of Hormuz. Merchants spent 5 classes chasing diplomatic ping-pong — peace talks, missile strikes, ceasefire leaks, and a naval blockade raise — and worth motion whipped round with each twist.
The greenback stumbled right into a weekly loss, gold clawed again from a mid-week dive, the S&P 500 stretched its successful streak to a degree we haven’t seen since 2023, and crude obtained completely body-slammed because the conflict premium bled out. In the meantime, two currencies broke from the pack and wrote their very own scripts: the kiwi rode a shock hawkish RBNZ to the highest of the leaderboard, and the Aussie shook off a tender inflation print to grind increased. Right here’s the way it all shook out.
