Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Trump, Xi Focus on Trade and AI at White House Summit 
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The U.S. dollar slumped to multi-month lows against major currencies on Friday after data showed weaker-than-expected job growth, reinforcing expectations of multiple Federal Reserve rate cuts in 2024. U.S. rate futures now price in 78 basis points of easing this year, with the first rate cut likely in June. Fed Chair Jerome Powell reiterated that the central bank will be cautious in adjusting rates, waiting for more clarity on economic policies and inflation trends.
The euro surged, marking its best week in 16 years with a 4.5% gain against the dollar, driven by Germany’s bold fiscal reforms. It peaked at $1.0888 before settling at $1.0845, up 0.6%. Against the yen, the dollar hovered at 147.99 yen, after earlier hitting a five-month low of 146.94 yen.
U.S. nonfarm payrolls rose by 151,000 in February, below the 160,000 forecast, with January’s figure revised down to 125,000. Average hourly earnings growth slowed to 0.3%, easing concerns over wage inflation. The dollar index, tracking the greenback against six major currencies, fell 3.5% for the week, its worst since November 2022, dipping to 103.81.
Treasury Secretary Scott Bessent warned of an economic "detox period" as the U.S. transitions from public to private spending. Meanwhile, President Trump’s tariff policy uncertainty continues to impact markets, with his recent executive order directing a strategic bitcoin reserve.
Bitcoin dropped 2.8% to $87,030.54 amid regulatory discussions at a White House summit, while ether declined 2.6% to $2,150. The dollar’s broad weakness extended against the Canadian dollar and Mexican peso, reflecting heightened market volatility.
