Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
China Agrees to Buy 20 Million Tons of U.S. Coal 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Trump, Xi Focus on Trade and AI at White House Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
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The U.S. dollar is poised to end the week steady but faces a quarterly loss, pressured by concerns that looming tariffs could stall economic growth. Market fears over U.S. President Donald Trump’s pledge to introduce sweeping new tariffs, including a 25% levy on imported cars from April 3, have dragged down U.S. yields, stocks, and the greenback.
Meanwhile, the euro is on track for its strongest quarterly gain in over a year, rising more than 4% to just under $1.08. Contributing factors include optimism over peace in Ukraine, a weaker dollar, and surging German bond yields. The Japanese yen has also edged higher, sitting at 151.19 per dollar, with a near 4% quarterly gain despite a persistent Tokyo inflation print.
Scandinavian currencies lead G10 performance, with the Swedish krona and Norwegian krone up nearly 11% and 9%, respectively, thanks to central banks showing restraint in easing policy. The Canadian dollar has managed a modest 0.5% gain year-to-date to C$1.4306, despite being hit by U.S. tariffs.
Eyes are now on upcoming inflation data from France, Spain, and the U.S. core PCE index. Any reading below the expected 0.3% monthly rise could add pressure on the dollar and further soften interest rate expectations.
Elsewhere, the Australian dollar is up around 2% to $0.6291 ahead of next week’s RBA meeting, while the New Zealand dollar has gained 2.5% this quarter to $0.5728. Sterling remains steady at $1.2943, marking a 3.5% rise in 2025 so far.
Currency strategists warn that if the EU becomes Trump’s next tariff target, the euro could face a reversal as Europe prepares to retaliate.
