China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Trump, Xi Focus on Trade and AI at White House Summit 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
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The U.S. dollar continued to face pressure on Friday, hovering near six-month lows against the safe-haven yen, as markets reacted to President Donald Trump's aggressive new tariffs and braced for key U.S. economic data.
After plunging 1.9% Thursday—its sharpest drop since November 2022—the U.S. dollar index steadied, but investor sentiment remained fragile. Trump’s announcement of a 10% baseline tariff on all imports, including 20% on EU goods, 24% on Japanese products, and 54% total on Chinese imports, rattled global markets. Both China and the EU vowed retaliation, raising fears of a full-scale trade war that could tip the global economy into recession and fuel inflation.
The dollar weakened 0.15% to 145.89 yen after dropping 2.2% the previous session, touching a low not seen since early October. The euro edged up 0.08% to $1.1060, while sterling held steady at $1.3103. Offshore, the yuan eased 0.13% to 7.2686 despite China’s market holiday.
Investors now await the U.S. nonfarm payrolls report, expected to show a slowdown in job growth to 135,000 in March. A weaker report could solidify expectations for Federal Reserve rate cuts. Traders are pricing in four quarter-point cuts this year, starting as early as June.
Yields on two-year U.S. Treasuries dropped further, slipping 6 basis points to 3.6611% after an 18-point plunge on Thursday. Fed Chair Jerome Powell is also set to speak later Friday, which could provide more insight into the central bank’s monetary policy stance.
Risk-sensitive currencies like the Australian and New Zealand dollars remained weak, while bitcoin climbed 0.9% to over $83,000, showing resilience amid broader market volatility.
