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The U.S. Dollar is trading in mixed ranges today amid light economic data. Mortgage applications rose slightly, and the average 30-year fixed mortgage rate hit a three-and-a-half-year low. Inflation concerns have eased with falling crude oil prices, and strong labor market data has reduced the likelihood of rate cuts this year, with futures showing a fifty-one point two percent chance of a September cut. The Australian Dollar is the strongest G10 performer after higher-than-expected CPI data, signaling a potential rate hike in May. Meanwhile, the Japanese Yen is the weakest, following the nomination of dovish policymakers to the Bank of Japan’s board, suggesting a slow pace for rate hikes. Key data to watch this week includes Factory Orders, Consumer Confidence, and January’s PPI figures.