Today, the dollar has strengthened against all G10 currencies. Market sentiment is showing reduced apprehension about intervention, leading to the yen extending losses from yesterday. It's now competing with the Australian dollar for the weakest major currency status. This comes after the Reserve Bank of Australia's decision to maintain interest rates and downplay speculation about a hike, causing both currencies to drop around 0.4% during late European morning trading.
In US equities, there's a narrow mix of performance.
Gold prices have dipped by about $10 today but remain comfortably within the consolidation range of approximately $2275 to $2335.
Despite dimming hopes for a Middle East truce, June WTI prices remain close to their lowest point in two months, albeit slightly above the 200-day moving average.

Asia Pacific Markets
Japanese markets resumed trading after a four-day weekend. BOJ Governor Ueda's meeting with Prime Minister Kishida emphasized close monitoring of the yen's impact on prices.
The dollar hit JPY154.65 locally before retreating to around JPY153.85, near highs again during European morning sessions.
Meanwhile, the Reserve Bank of Australia left the cash target rate untouched at 4.35%, resulting in the Australian dollar trading within yesterday's range.

European markets
Three notable data points emerged today ahead of the Riksbank meeting and the Bank of England session later in the week. Eurozone retail sales showed a 0.8% increase in March, echoing a modest recovery trend. The UK reported its fifth consecutive rise in the construction PMI. However, Germany's factory orders disappointed with a 0.4% decline in March.
The euro is trading calmly within yesterday's range, while sterling is finding early support around $1.2530. A drop below $1.25 would be concerning.

American markets
Several factors contribute to the US economy's strong performance. The fiscal deficit, along with real wage growth and productivity gains, has supported consumption. Today's consumer credit data for February revealed a notable increase, with revolving credit up by $11.3 billion, marking a three-month high. Overall consumer credit rose by $14.1 billion.

The US dollar is trading within yesterday's range against the Canadian dollar, fluctuating between ~CAD1.3650 and CAD1.3700.