While geopolitical tensions could affect the dollar's performance, waning interest rate cut expectations remain a potent force.
Traders adjusted their projections for Fed cuts to September following a hotter-than-expected consumer price report.
With market consensus projecting a modest reading of 0.3% for March, ongoing declines in retail sales could put downward pressure on the greenback, limiting its upside momentum.
The yen's weakness prompted concerns among traders regarding potential currency market intervention by the Japanese government, following repeated warnings from officials in recent weeks.
#dollar #middle-east-tensions #us-interest-rates #fed-cuts #retail-sales-data #yen-weakness #currency-market-intervention #japan-inflation-report
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