DXY Eyes 0.24% Weekly Drop as Fed Rate Hike Bets Fade; Safe Havens Rise
The US dollar heads for a 0.24% weekly decline against major peers as soft inflation reopens debate on the Fed's tightening path, though escalating Iran tensions trigger safe-haven flows that cushion losses. With the yen near a 40-year low and Trump's speech looming, FX traders face a volatile intersection of monetary policy and geopolitics.