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Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
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U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Asian currencies slipped on Thursday as the U.S. dollar strengthened, fueled by market uncertainty over President Donald Trump’s tariff plans and anticipation of key U.S. inflation data. The U.S. Dollar Index climbed 0.2% in Asian trading, extending gains from its two-month low earlier this week, while dollar index futures rose 0.3%.
Currency markets reacted negatively to Trump’s reaffirmation of a 25% tariff on imports from Canada and Mexico. While the initial deadline was March 4, he hinted at a possible delay until April 2, adding to investor uncertainty. This lack of clarity triggered risk aversion, leading to capital outflows from emerging markets and weakening Asian currencies.
The South Korean won (USD/KRW) and Indonesian rupiah (USD/IDR) both fell 0.6%, leading regional losses. The Indian rupee (USD/INR) slipped 0.3%, while the Australian dollar (AUD/USD) dropped 0.2%. The offshore Chinese yuan (USD/CNH) climbed 0.3%, while the onshore yuan (USD/CNY) edged up 0.1%. The Japanese yen (USD/JPY) and Singapore dollar (USD/SGD) rose 0.2% and 0.3%, respectively.
Investors are also closely watching Friday’s U.S. Personal Consumption Expenditures (PCE) inflation data, the Federal Reserve’s preferred inflation gauge. Recent weaker-than-expected U.S. services PMI and consumer sentiment reports have fueled speculation of potential rate cuts, though immediate policy shifts remain unlikely.
Meanwhile, China’s upcoming “Two Sessions” in early March will be a key event for global markets. Policymakers are expected to maintain last year’s growth target while focusing on boosting domestic demand. Analysts anticipate policy signals that could impact regional markets, as China navigates geopolitical and economic challenges.
