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The U.S. dollar is trading steadily in tight ranges as markets adopt a cautious tone ahead of today’s release of the FOMC minutes and updates on international trade and tariffs. Investors are watching closely for clues on future rate cuts, with a 65 percent chance of action at the Fed’s September meeting. Meanwhile, the euro has pulled back after reaching multi-year highs, and the Mexican peso is holding ground despite pressure from a newly announced 50 percent tariff on copper. Inflation data from Mexico came in slightly above forecasts, offering the peso some support. Markets remain focused on upcoming labor and inflation data, with jobless claims and CPI figures due later this week.
