Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Australia Jobs Growth Strengthens Rate Hike Outlook 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
The U.S. dollar weakened on Monday after the Supreme Court struck down a broad range of former President Donald Trump’s tariffs, a move investors interpreted as supportive for global economic growth. Currency markets reacted cautiously, however, as geopolitical tensions involving Iran and ongoing trade uncertainty limited sharper swings.
The euro climbed 0.4% to $1.1820 during the Asia session, while the British pound rose 0.3% to $1.3516. The Japanese yen strengthened as the dollar fell 0.4% to 154.40 yen. Trading volumes were lighter due to a public holiday in Japan and China’s Lunar New Year break. Meanwhile, the safe-haven Swiss franc surged 0.5% to 0.7727 per dollar, reflecting continued demand for defensive assets.
Currency strategists noted that the court’s decision could ease pressure on global trade by limiting U.S. tariff authority. Analysts at OCBC Bank said the ruling may benefit non-U.S. growth, which in turn weighs on the dollar. However, the long-term foreign exchange outlook remains uncertain. Reduced tariff revenue could strain the U.S. fiscal position, potentially pressuring the dollar further, while constraints on executive trade power may reduce policy volatility.
Trump responded to the ruling by criticizing the court and introducing a temporary 15% blanket tariff on imports for 150 days. Legal experts expect extended litigation and policy uncertainty as the administration seeks alternative revenue measures. Bond investors are closely monitoring fiscal discipline, particularly as government spending remains elevated.
The New Zealand dollar edged higher near $0.60, while the Australian dollar dipped slightly to $0.7070. European officials also urged the U.S. to honor prior trade agreements that included zero tariffs on select goods.
Despite earlier expectations that tariffs would strengthen the dollar, the currency has fallen more than 9% this year. Investors have shifted focus toward potential interest rate cuts, rising U.S. deficits, and ongoing trade policy uncertainty, reshaping the global currency market outlook.
