Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Australia Jobs Growth Strengthens Rate Hike Outlook 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
The U.S. dollar hovered near a five-month low on Monday, pressured by President Donald Trump’s trade policies and weak economic data. The euro remained strong after German parties agreed on a fiscal deal to boost defense spending and economic growth.
Goldman Sachs analysts noted two key market shifts: a downturn in U.S. assets due to tariff volatility and a fiscal boost in Germany, challenging the narrative of U.S. economic dominance. The euro traded at $1.0881, slightly below last week’s peak of $1.0947.
Germany’s incoming Chancellor Friedrich Merz secured Green Party backing for a major borrowing plan, including a €500 billion infrastructure fund. The deal is expected to pass the outgoing parliament next week.
The Japanese yen stayed near a five-month high, supported by hawkish Bank of Japan signals ahead of its Wednesday policy decision. The U.S. Federal Reserve is also expected to hold rates steady.
China’s yuan approached a four-month high in offshore trading, ahead of a key press conference on domestic consumption stimulus. The dollar index stood at 103.71, close to last Tuesday’s five-month low of 103.21, marking a 6% decline from its January peak.
U.S. consumer sentiment hit a two-and-a-half-year low in March, with inflation fears rising due to Trump’s tariffs. The dollar was stable at 148.70 yen, while the BOJ considers rate hikes amid rising wages.
China unveiled a plan to boost domestic consumption through income growth and childcare subsidies. The Australian dollar edged up to $0.6328, while the British pound slipped to $1.2927.
Bitcoin fell 0.5% to around $82,847.
