Global Currency Shifts After BOJ Rate Hike and Trump's Tariff Comments 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Bitcoin Whales Acquire $4.3B in BTC Amid Market Decline, Signaling Potential Bottom 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bullish Start for S&P 500 Sparks Optimism for 2025, Despite Risks 
Gold Hits Record High as Investors Eye Fed Chair Powell’s Speech on Tariffs 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Asian Markets React to Tariff Reports and Fed Policy Shifts 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
The Canadian dollar, Mexican peso, and euro held steady against the U.S. dollar on Tuesday following a volatile Monday, where they rebounded from multi-year lows. This came after U.S. President Donald Trump announced a one-month suspension of tariffs on Canada and Mexico.
The Chinese yuan remained firm in offshore trading after bouncing back from record lows amid hopes for a trade deal to prevent 10% tariffs on Chinese exports. The Australian dollar, often seen as a proxy for the yuan, also stabilized after a sharp rebound from a nearly five-year low.
Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum agreed late Monday to enhance border enforcement to meet Trump’s demands on immigration and drug control. This move paused 25% tariffs that were set to begin Tuesday, delaying potential economic fallout and price hikes.
Market sentiment improved following the announcement, but analysts at TD Securities warned that ongoing trade uncertainty could weigh on markets if no solid agreement is reached by month-end. They anticipate limited downside for the USD/CAD pair, forecasting a rise to C$1.50 due to Canada’s weak macroeconomic outlook.
The U.S. dollar traded at C$1.4435, down 0.85% from Monday’s high of C$1.4792, the highest since 2003. It rose 0.3% to 20.3939 pesos after Monday’s 1.7% drop from a near three-year peak. The offshore yuan traded at 7.3126 per dollar, while the euro dipped 0.2% to $1.0323.
Trump hinted at future tariffs on the EU but suggested Britain may be exempt. The dollar climbed 0.4% to 155.35 yen, reflecting reduced demand for Japan’s safe-haven currency. Bitcoin remained stable at $101,454 after recovering from a session low of $91,439.
