US Dollar Consolidates with Softer Bias as Oil Steadies

The US dollar continues to consolidate against major G10 currencies, exhibiting a slightly softer bias as market participants weigh the impact of geopolitical tensions. The currency remains under pressure as the near-term outlook remains clouded by uncertainty.

Meanwhile, crude oil prices have steadied after recent volatility, providing a temporary anchor for risk sentiment. The combination of a softer dollar and stabilizing oil suggests a cautious mood in FX markets, with traders awaiting clearer directional cues.