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EUR edged to 1.1769 as the dollar softened on risk-on flows into Asian equities and tech. DXY held below 98.10 for a third straight session.

Weak dollar momentum is structural — markets are pricing two Fed cuts by September while ECB stays hawkish on sticky services inflation.

US CPI Tuesday 15:30 TRT is the week's pivot. Core above 0.3% MoM would reprice Fed path and reverse dollar weakness sharply.

NVIDIA gained 1.75% to $215.20, within 1.2% of its all-time high. The Philadelphia Semiconductor Index hit a record, lifting the entire sector.

AI capex acceleration is the strongest tailwind in markets right now. Every hyperscaler is spending more than guided, and NVIDIA captures the lion's share of GPU demand.

ATH at $217.80 is the near-term test. Earnings May 28 loom large — any guidance miss after this run could trigger a 10%+ pullback.