U.S. Economic Indicators

1. U.S. Economic Indicators: Investors are closely monitoring upcoming U.S. economic data releases, including the Federal Reserve's interest rate decision and key inflation figures. The Federal Reserve is expected to maintain current interest rates, with market participants seeking clues about future monetary policy directions. Additionally, inflation data will provide insights into the health of the U.S. economy and potential policy adjustments. 

2. U.S. Trade Policy Uncertainty: Recent statements by President Donald Trump have introduced uncertainty regarding potential tariff implementations. While no immediate tariffs have been imposed, the possibility of future trade actions has led to cautious sentiment in the forex market. Market participants are assessing the implications of potential U.S. tariffs on global trade dynamics and currency valuations. 

These factors are contributing to cautious sentiment in the forex market, with traders closely monitoring U.S. policy developments and economic data releases.