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The U.S. Dollar is nearing its weakest levels since Spring 2022, with the Bloomberg Dollar Spot Index set to hit a new low, as markets face uncertainty ahead of a data-packed week. Geopolitical tensions between Israel and Iran are escalating, causing oil prices to stall but leaving the critical Strait of Hormuz unaffected. Key market events include the FOMC meeting, Retail Sales and Industrial Production data in the U.S., Euro-zone CPI, and U.S. Nonfarm Payrolls later this week. The Euro is strengthening, supported by improving Euro-zone outlooks, while the Japanese Yen's trajectory depends on the Bank of Japan's upcoming guidance on interest rates amidst domestic economic challenges.
