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The U.S. Dollar began the week stronger amid rising global tariff concerns that are weighing on risk markets and supporting safe-haven flows into the Greenback. Weakness in Asian and Antipodean currencies reflects expectations for looser monetary policy, particularly ahead of a likely rate cut from the Reserve Bank of Australia. The Euro is under pressure following worse-than-expected retail sales, while the Japanese Yen continues to decline as stagflation fears grow and bond yields rise ahead of Japan’s upcoming elections. With limited U.S. economic data this week, including Fed minutes on Wednesday and jobless claims on Thursday, market volatility is expected to stem primarily from shifting trade headlines.
