OTC:NKLAQ 7 December 2025

April 29, 2026, 12:51 PM EDT. The U.S. dollar rose 0.24% supported by better-than-expected March housing starts and core capital goods orders, signaling economic resilience ahead of the Federal Open Market Committee (FOMC) meeting. Crude oil prices jumped 4%, pushing inflation expectations higher and reinforcing a hawkish outlook for U.S. monetary policy. Despite expectations the Fed will keep rates steady, geopolitical tensions in the Strait of Hormuz are driving safe-haven demand for the dollar. The euro weakened 0.19%, pressured by declining Eurozone economic confidence and weaker-than-forecast German consumer prices, while oil price gains add inflation risks for Europe. The yen hit a four-week low against the dollar amid these dynamics. Market odds suggest no Fed rate hike today, with expectations for rate cuts in 2026, contrasting with anticipated hikes by the European Central Bank and Bank of Japan.