Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
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.
