This was a week where central banks talked tough, geopolitics heated up, and the Supreme Court dropped a bombshell that sent the dollar tumbling into Friday's close. The action started slow through holiday-thinned Monday trade before picking up steam as Fed meeting minutes revealed a hawkish pivot—several officials now see rate hikes as potentially appropriate if inflation stays stubborn. That revelation Wednesday afternoon sent the greenback surging and briefly shifted the entire rate cut narrative. But the real fireworks came Friday when the Supreme Court struck down President Trump's sweeping global tariffs in a 6-3 decision, immediately raising questions about fiscal deficits and potential refund obligations topping $170 billion. Trump's swift response—imposing a 10% replacement tariff under different legal authority—couldn't stop the dollar's slide as markets digested the implications. Meanwhile, escalating US-Iran tensions, diverging labor market signals, and contradictory inflation prints across major economies created a week where nothing traded in straight lines. Let's break it all down, shall we?