$KITE
💵 Dollar Stuck in Range, Yen Eyes Best Week in a Year
The U.S. dollar is trading flat as mixed economic data keeps the market guessing. Jobless claims show a stabilizing labor market, but weak retail sales and upcoming inflation data are limiting upside momentum.
Markets now see a high chance the Fed holds rates steady next meeting, with growing expectations of a possible June cut — putting pressure on the greenback.
Meanwhile, the Japanese yen is heading for its strongest weekly gain since early 2025, boosted by political momentum after a landslide election win in Japan.
The Australian dollar remains near multi-year highs after a hawkish central bank stance, while the euro holds firm.
📊 Key focus next: U.S. inflation data — could decide the dollar’s next move.