Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
The U.S. dollar held steady on Wednesday as investors stayed cautious following the swift end to a partial U.S. government shutdown and closely watched political and monetary developments across major economies. Currency markets continued to digest U.S. President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, a move that has broadly supported the dollar on expectations that aggressive interest rate cuts are unlikely in the near term.
Market sentiment has also been reassured by the belief that Warsh’s appointment could help safeguard the Federal Reserve’s independence after repeated criticism from Trump toward the central bank and current Chair Jerome Powell. The dollar index, which tracks the greenback against six major currencies, hovered around 97.43, close to a one-week high, after posting notable declines earlier this year and throughout last year.
The euro traded at $1.1814, while the British pound stood near $1.3693 as investors awaited policy decisions from the European Central Bank and the Bank of England. Both central banks are widely expected to keep interest rates unchanged, reinforcing a cautious tone in European currency markets.
Attention has also turned to Japan, where the yen weakened to around 156.06 per dollar, near a two-week low, ahead of a closely watched national election this weekend. Speculation around possible U.S.-Japan currency intervention has helped stabilize the yen in recent weeks, but uncertainty remains high. Prime Minister Sanae Takaichi’s campaign promises of increased fiscal spending, tax cuts, and higher defense outlays have raised concerns about Japan’s growing debt burden and its impact on government bonds and the yen.
Elsewhere, the Australian dollar climbed to $0.7028 after the Reserve Bank of Australia raised interest rates, fueling expectations of further tightening this year. The New Zealand dollar edged slightly lower to $0.604.
Overall, global currency markets remain driven by central bank policy expectations, political uncertainty, and shifting risk sentiment, keeping investors cautious and highly attentive to upcoming economic and political events.
