Ahead of Tuesday's CPI release, the dollar carries a hawkish edge after Fed Governor Christopher Waller warned that another hot core reading could push the Fed toward tighter policy. With markets already pricing in a slowdown driven by falling gasoline prices, the setup is asymmetric: a hotter-than-

Brent crude has carved out a floor at the $70 mark—a massive retreat from its March peak of $126 per barrel, which was triggered by the blockade of the Strait of Hormuz. Following the normalization of maritime shipping, the pace of the sell-off has moderated, and the market