Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
The U.S. dollar bounced back on Tuesday after hitting a two-month low, driven by safe-haven flows following President Donald Trump’s reaffirmation that tariffs on Mexico and Canada would proceed as planned.
Trump stated on Monday that tariffs on key imports, including autos and energy, remain on schedule despite efforts from Canada and Mexico to strengthen border security and curb fentanyl smuggling ahead of the March 4 deadline. This dampened market sentiment, boosting demand for safe-haven assets like gold, Treasuries, and the U.S. dollar.
The euro retreated from a one-month high to $1.0461, with future movement hinging on Germany’s coalition government formation post-election. Sterling slipped 0.06% to $1.2618, while the Australian and New Zealand dollars fell to $0.6339 and $0.5725, respectively. The dollar index held steady at 106.75 after recovering from Monday’s 106.12 low.
Despite a 3% drop in the dollar since January, fueled by weak U.S. economic data, losses remain limited due to tariff concerns. "The U.S. is losing its economic exceptionalism, but risk-off sentiment still supports the dollar," noted Ray Attrill, head of FX strategy at National Australia Bank.
The greenback also rose 0.35% against the yen to 150.22, rebounding from its weakest level since early December. The decline in U.S. Treasury yields, particularly in real terms, has pressured the dollar, while speculation of a Bank of Japan rate hike has strengthened the yen.
With tariff uncertainties clouding risk sentiment, defensive support for the dollar is expected to persist.
