U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
The U.S. dollar weakened on Friday, marking its first weekly decline in five weeks against major currencies like the euro and yen, as investors shifted to safe-haven assets amid rising concerns over America’s ballooning debt and fiscal outlook. This follows Moody’s recent downgrade of U.S. debt and renewed scrutiny over the $36 trillion national debt and President Donald Trump’s tax bill, which could significantly inflate the deficit.
The dollar index dipped 1.1% this week, trading at 99.829 in early Asia hours, despite surging U.S. Treasury yields. The 30-year bond yield held above 5%, nearing 19-month highs and approaching levels not seen since mid-2007. However, the elevated yields failed to support the dollar, triggering a "Sell America" trend as foreign investors pull back amid fears of fiscal irresponsibility.
Pepperstone’s Chris Weston attributed the market’s reaction to rising yields not to stronger economic fundamentals but to growing worries about deficit spending, inflation expectations, and higher interest burdens. These concerns have pushed up the term premium, discouraging foreign participation in U.S. markets.
The euro rose 0.21% to $1.1303, heading for a 1.2% weekly gain, while the yen steadied at 143.84 per dollar, also up 1.2% for the week. Japan’s core inflation hit a two-year high in April, boosting prospects for another rate hike. The Swiss franc firmed to 0.8272 per dollar, and the New Zealand dollar edged up to $0.59095.
Meanwhile, the Australian dollar traded at $0.6422, little changed for the week, following the Reserve Bank of Australia’s rate cut to 3.85% due to global uncertainties and easing domestic inflation.
