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The U.S. Dollar is trading in tight ranges amid market uncertainty driven by escalating conflict in the Middle East, with failed ceasefire talks between Iran and Israel heightening fears. U.S. equity futures are down 0.7%, while Brent Crude oil prices have risen 1.8% due to energy supply concerns following tanker attacks. Poor Retail Sales data (-0.9%) has pushed the Dollar lower, and markets await Industrial Production data and the Fed’s press conference tomorrow. The Mexican Peso has dipped slightly but remains strong due to Latin America’s energy trade opportunities, while the Japanese Yen is stable after the Bank of Japan maintained its policy stance amidst Japan's ongoing economic challenges.
