Forex Today: Focus remains on US data and geopolitics

The US Dollar has remained stagnant in a narrow range, oscillating between modest gains and losses within the 101.80-101.60 band. This week's market focus has been divided between scrutinizing US economic indicators and monitoring geopolitical tensions. The weekly Initial Jobless Claims and the CB Leading Index are scheduled for release, while EUR/USD has slipped near the 1.1200 level due to the absence of clear market direction.

In the United Kingdom, GBP/USD has managed to capitalize on Tuesday's uptrend, briefly breaching the 1.3400 threshold, showing modest daily gains. Across the Pacific, USD/JPY has succumbed to additional selling pressure, falling back into the sub-158.00 range, following the previous day's drop. Japan's Foreign Bond Investment figures will be published to provide further context.

Australia's AUD/USD has witnessed a fourth consecutive day of gains, extending its recent break above the 0.7000 level. Meanwhile, US crude oil futures have faced renewed selling pressure, hovering near the $96.00 mark per barrel. Gold has shown resilience, approaching the $4,150 mark once more, as it seeks to recover from three consecutive daily declines. This bounce has been accompanied by mixed signals from US Dollar and US Treasury yields, reflecting the ongoing uncertainty surrounding the US-Iran conflict.