The dollar found safe-haven support ahead of U.S. President Donald Trump's upcoming tariffs, but it remains on track for a monthly loss as investors weigh the tariff threats against a weakening U.S. growth outlook. Meanwhile, the yen is poised to close the month with a 3.6% gain, its best performance since July, due to expectations of more Bank of Japan rate hikes this year. The yen recently edged up 0.04% to 149.65 per dollar after core inflation data from Tokyo showed signs of slowing in February.
Despite inflation pressures in Japan, Rodrigo Catril from National Australia Bank suggests that while normalization is likely, the BOJ will remain cautious in the current uncertain environment. In contrast, the risk-sensitive Australian dollar dipped to a three-week low at $0.62305, losing nearly 2% for the week, though it saw a slight 0.3% gain for the month.
The euro struggled at a two-week low of $1.0389, facing a 0.6% weekly decline but still managing a modest 0.36% monthly gain. The dollar briefly rose above the 7.30 level against the yuan, with the offshore yuan last standing at 7.2966.
Trump's announcement of 25% tariffs on Mexican and Canadian goods and an additional 10% duty on Chinese imports has spooked markets, increasing risk aversion. The greenback hovers near a one-week high against a basket of currencies, with the dollar index at 107.24, but it’s set for a 1.1% monthly loss due to weaker-than-expected economic data and growing concerns over U.S. growth. The pound edged up to $1.2607, supported by expectations of fewer rate cuts from the Bank of England.


Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 



