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The U.S. Dollar is trading in tight ranges as markets digest ongoing tariff developments, including a proposed fifty percent tariff on Brazilian goods, which is pressuring emerging-market currencies. Despite global growth concerns and rising import costs, investors appear cautious in their reactions, with many skeptical about the permanence of new trade measures. U.S. jobless claims data was mixed, and markets are now turning their focus to next week’s inflation reports. The Australian Dollar gained after the RBA unexpectedly held rates steady, signaling a more hawkish stance, while the Mexican Peso remains resilient despite broader EM currency pressures driven by global tariff risks and rising copper prices.
