The U.S. Dollar is trading in mixed ranges after its first drop of the year, with inflation data meeting expectations and small businesses showing increased optimism. Key developments include potential Supreme Court rulings on tariffs, concerns over Federal Reserve independence, and surging oil prices due to tensions with Iran. The Mexican Peso is strengthening, benefiting from skepticism around the Fed and rising energy prices, while the Japanese Yen is weakening amid potential snap elections and concerns over its depreciation, which may prompt intervention. Tomorrow’s Retail Sales and Producer Price Index figures could bring further market shifts.