The U.S. dollar is trading mixed against its G10 peers as markets remain focused on uncertainty surrounding the U.S.-Iran ceasefire, which appears to be holding despite recent tensions. Oil prices have risen more than four percent due to ongoing concerns about safe shipping through the Strait of Hormuz. In the U.S., attention is on key economic data releases, including jobless claims expected at 210,000 and GDP at 0.7 percent, with inflation data due tomorrow. The Japanese yen is weaker as traders price in a 57.4 percent chance of a Bank of Japan rate hike, while the British pound is stronger on cautious optimism around the ceasefire, though concerns about energy sensitivity and inflation persist, with markets still expecting at least one Bank of England rate hike later this year.
