Forex traders got put through the wringer this week, and the U.S. dollar walked away looking like the strongest kid on the block. Between the U.S.-Iran conflict grinding into a second week, a fresh round of tariffs landing on major trading partners, and Wall Street taking another swing at AI-linked tech stocks, the greenback found plenty of reasons to flex. The genuinely interesting part is who sat out the safe-haven party. The yen and the franc, normally the first currencies traders reach for during geopolitical stress, spent the week among the softer majors instead. Meanwhile the Aussie, Kiwi, Loonie, euro, and pound each ran their own smaller story lines underneath the bigger dollar narrative. Here's how the week actually played out for the majors, session by session.