On April 24, the U.S. dollar fell 0.28% to 98.55 after the Justice Department closed its investigation into Federal Reserve Chair Jerome Powell. This decision clears a path for Kevin Warsh, President Donald Trump's nominee for the Fed chair position, who is perceived as more dovish than Powell. Analysts now see a 38% chance of an interest rate cut by the end of the year, up from 23% earlier in the day. The dollar's decline was also influenced by optimism surrounding potential peace talks between the U.S. and Iran, though uncertainty remains due to ongoing conflicts. Traders are cautious, keeping the market range-bound as they await upcoming central bank meetings, including the Federal Reserve, Bank of Japan, and European Central Bank. The Fed is expected to maintain its current interest rates amid inflation concerns, while other central banks may begin to raise rates in response to economic pressures from the conflict in the Middle East.