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The U.S. Dollar is relatively calm today, losing some ground against G10 currencies as markets focus on headline risks, including tariffs set to take effect at midnight and geopolitical tensions involving Russia and Ukraine. Domestically, attention shifts to next week’s CPI data, with inflation expected to rise slightly. The Euro is gaining strength, supported by better-than-expected retail sales and Germany’s increased spending plans. Meanwhile, the New Zealand Dollar leads G10 currencies after its unemployment rate rose less than expected, boosting confidence in the Antipodean currencies. Markets are also eyeing tomorrow’s Bank of England meeting, where a 25-basis-point rate cut is anticipated.
