Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
The U.S. dollar hovered just below a three-week high on Monday, with investors awaiting clarity on President Donald Trump’s next round of tariffs, due April 2. The U.S. dollar index stood flat at 104.03 after reaching 104.22 on Friday, its highest since March 7. Last week, the index posted a 0.4% gain, its first positive week in March.
Despite recent gains, the greenback remains under pressure in 2025 as concerns over Trump’s unpredictable trade policies outweigh initial optimism about pro-growth reforms. However, Goldman Sachs analysts remain cautiously bullish, stating that “the market has rapidly repriced the shift in the growth outlook,” and expects further dollar strength amid tariff escalations.
The dollar climbed 0.3% against the yen to 149.77, supported by rising U.S. Treasury yields, with the 10-year yield reaching 4.277%. Meanwhile, the euro edged up 0.24% to $1.0836 after slipping from last week’s high of $1.0955, driven by Germany’s move to loosen fiscal rules. Analysts at Commonwealth Bank of Australia noted that the euro may give back gains as fiscal spending implementation lags.
Sterling rose 0.15% to $1.2934, while the Australian dollar gained 0.29% to $0.6291. Bitcoin rose 1% to $85,965.
The Turkish lira traded steady at 38.0050 per dollar, despite political turmoil. Istanbul Mayor Ekrem Imamoglu, a key rival to President Erdogan, was jailed pending corruption charges. The move, widely criticized as politically motivated, sparked mass protests. Last week, the lira briefly hit a record low of 42 after the central bank raised its overnight lending rate to 46%, signaling a tighter monetary policy.
Markets remain on edge ahead of Trump’s tariff announcement, a key driver for global currency movements this week.
