Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
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 
The U.S. dollar stayed firm on Friday, extending gains after its strongest daily performance in three weeks. Markets reacted to the Federal Reserve’s steady interest rate stance and cautious outlook on future cuts. Fed Chair Jerome Powell emphasized there’s “no hurry to move,” highlighting uncertainty tied to President Donald Trump’s aggressive trade tariffs.
The dollar index held steady at 103.81 in early Asia trade, following a 0.36% rise on Thursday. Earlier this week, the index had touched a five-month low at 103.19, retreating from its January high of 110.17. Market sentiment has shifted from optimism over Trump’s economic policies to concern over a potential U.S. recession triggered by ongoing trade tensions.
Risk-sensitive currencies like the Australian and New Zealand dollars remained pressured. The Aussie hovered at $0.6303 after Thursday’s 0.86% drop, while the kiwi stabilized at $0.5766 following a 1% plunge, despite GDP data showing New Zealand's economy exiting recession.
The euro remained weak at $1.0854 after falling 0.45% as traders hesitated to push it past $1.1000. Sterling dipped slightly to $1.2961, and the dollar ticked up 0.07% against the yen to 148.88. It also stayed firm against the Canadian dollar at C$1.4321.
With a new round of reciprocal tariffs expected on April 2, market watchers like Pepperstone’s Chris Weston note increased caution, as traders reduce short positions and adopt a more neutral stance on the greenback. As global uncertainty persists, the dollar’s stability amid Fed policy and trade risks continues to guide currency markets.
