 It was a dramatic week in the global financial markets with rapid shifts in investor sentiment triggered by heightened geopolitical tensions in the Middle East. While calm was eventually restored somewhat, the volatility served as a clear indicator of the underlying vulnerability in investor confidence. Amidst this geopolitical backdrop, the narrative from Fed hawks solidified the expectations of a later and smaller smaller scale of interest rate cuts this year. For some FOMC members, even the possibility of an additional rate hike has not been completely dismissed. As the week concluded, Dollar held a middle ground in the currency rankings. But it's positioned to capitalize should geopolitical tensions flare up anew, or risk sentiment turns sour further. Overall in the currency markets, Swiss Franc affirmed its status as a prime safe-haven asset, outperforming other major currencies throughout the week. Canadian Dollar and Euro also stood out with strong performances. Conversely, Japanese Yen remained the week's weakest link, even though it showed signs of deceleration in its decline against Dollar. New Zealand and Australian Dollars, along with the British Pound, rounded out the lower end of the performance spectrum. | 
