Region: Asia Pacific
-
Bessent eyes long-haul approach, Dollar index hovers below 100
Trump administration eyes long-haul approach on China trade. WSJ says White House looking at slashing China tariffs. ECB/Bundesbank’s Nagel worries about recession and stagflation
-
Dollar index bounce back on trade deal optimism
Trade negotiations talk boosts risk sentiment but gains may be premature. Fed Barkin: Causes for concern re consumer spending. Lagarde of the ECB sounds dovish
-
Dollar index weakens as Trump’s pressure on the Fed intensified
Stalling markets as trade talks take center stage. Fed’s Goolsbee: Potential decline in activity. China warns countries supporting the US in trade
-
Fedspeak drove USD index lower, below key 100 level
Powell comments drive USD lower as equities slump. Fed’s Hammack sees risks of reduced growth, employment, and higher inflation. China now faces up to a 245% tariffs.
-
Dollar finds support after oversold conditions
US equities pause after rally, USD finds support. RBA minutes: Wary of further rate cuts. US Empire Manufacturing exceeds expectations.
-
Dollar continues to retreat on dovish Fedspeak
Markets brace as tariff drama unfolds. Ueda of the BoJ doesn’t seem interested in supporting the Yen. MAS easing measured, more to come.