**Risk-On Rally Boosts Major Currencies as USD Weakens: Market Optimism Drives Global FX Gains**
Risk appetite returned last week, lifting major currencies as the US dollar softened. Despite persistent US inflation and Fed uncertainty, investors favored equities and higher-yielding currencies over the greenback. Elevated commodities and falling volatility boosted AUD, CAD, and EUR, while Fed minutes hinted at a cautious path ahead. Market eyes now turn to upcoming US data and how it may shape the dollar’s trajectory.
