Dollar Retreats as Strait of Hormuz Reopens, Easing Safe-Haven Demand 
U.S. Crude Oil Exports Surge Toward Record Highs Amid Global Supply Crisis 
Stocks Surge as Strait of Hormuz Reopens, Oil Prices Plunge 
Middle East Ceasefire Hopes Lift Asian Markets as Oil Prices Retreat 
Japan Eyes Private Credit as Key Pillar in New Financial Strategy 
Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks 
IMF and World Bank Resume Ties with Venezuela, Opening Door to Billions in Funding 
South Korea's Capital Markets Rebound as Foreign Investors Return 
China's New Home Prices Continue to Fall in March Despite Signs of Recovery in Major Cities 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Gold Prices Dip Slightly But Hold Weekly Gains Amid U.S.-Iran Ceasefire Hopes 
Oil Prices Dip as Middle East Peace Hopes Grow Amid Iran-U.S. Talks 
China's Economy Shows Resilience Amid Global Headwinds in March 
US Dollar Weakens Near Six-Week Lows Amid Iran Ceasefire Hopes 
Chile's Kast Unveils 40-Point Economic Reform Package to Boost Growth 
Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions 
Most Asian currencies gained ground on Thursday as the U.S. dollar extended its losing streak for a ninth consecutive session, driven by renewed optimism surrounding potential U.S.-Iran peace talks ahead of next week's ceasefire deadline. The dollar index slipped approximately 0.1%, hovering near its weakest point in six weeks, as improving global risk appetite reduced demand for safe-haven assets.
Across the region, the Japanese yen strengthened 0.2% against the dollar, while the South Korean won advanced 0.3%. The Singapore dollar, Indian rupee, and Taiwan dollar each posted modest gains of around 0.1% to 0.2%, reflecting a broadly positive sentiment across emerging Asian markets.
The Chinese yuan stood out as the exception, trading flat near 6.8 per dollar — its strongest level in three years — despite China reporting better-than-expected first-quarter GDP growth of 5%, surpassing the forecasted 4.8% and accelerating from the previous quarter's 4.5% expansion. While exports fueled much of this growth alongside improving domestic spending, China's heavy reliance on trade could face challenges tied to ongoing war-related shipping disruptions and rising energy costs.
Adding to dollar weakness, U.S. producer inflation came in softer than anticipated, reinforcing market speculation that the Federal Reserve could still implement interest rate cuts before year-end.
Meanwhile, the Australian dollar climbed nearly 0.4%, reaching its highest level since June 2022. Although Australian employment growth in March came in slightly below forecasts and slowed considerably from February, the labor market remained tight enough to keep further Reserve Bank of Australia rate hikes on the table. The RBA, which raised rates by 25 basis points in March, continues to monitor inflationary risks linked to the ongoing Iran conflict.
Overall, easing geopolitical tensions and softer U.S. economic data combined to lift regional currencies while weighing on the greenback.
