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The U.S. dollar is trading in mixed ranges as markets remain cautious ahead of President Trump’s 8 p.m. deadline for Iran to agree to a ceasefire, with geopolitical tensions elevated following continued attacks on U.S. allies and stalled negotiations. The euro is strengthening as European Central Bank officials signal the likelihood of further rate hikes, with markets pricing in a 58.2 percent chance in April and nearly 87 percent by June, reflecting persistent inflation concerns. Meanwhile, the Canadian dollar is weakening against the U.S. dollar, pressured by heightened risk aversion and strong safe-haven demand for the greenback as traders await clarity on developments in the Middle East.
