Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Gold Holds Near $4,400 as Fed Hike Bets Rise 
China to Inject $45 Billion Into State Financial Institutions 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Gold Prices Rise as Yen Rally Weakens Dollar 
South Korea GDP Surges on Chip and AI Boom 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Asian Stocks Mixed as Korean Chipmakers Rally 
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The U.S. dollar headed for a second consecutive weekly decline as escalating geopolitical tensions and renewed tariff threats weighed on investor confidence and reduced demand for U.S. assets. The dollar index (DXY), a key gauge of the greenback against a basket of major currencies, remained under pressure despite a modest rebound late in the week.
Market sentiment deteriorated after the White House confirmed that President Donald Trump signed an executive order targeting countries that supply oil to Cuba, raising fears of broader trade disruptions. These tariff threats added to existing global strains involving Iran, Venezuela, Greenland, and Europe, all of which have unsettled foreign exchange markets.
Concerns intensified following reports that Trump is considering targeted military strikes against Iran. The possibility of conflict pushed oil prices higher and further weakened the U.S. dollar, as investors moved away from risk-sensitive U.S. assets. Analysts noted that geopolitical uncertainty has become a key driver behind the recent dollar slide.
On Friday, the dollar index edged up 0.2% to 96.35, trimming its weekly loss to around 1.1%, though it remained near multi-year lows. Earlier in the week, the dollar touched a four-year low after Trump appeared unconcerned about currency weakness. Some stability returned after Treasury Secretary Scott Bessent reiterated Washington’s commitment to a strong-dollar policy.
In currency markets, the euro slipped 0.2% to $1.194, while the Japanese yen weakened to 153.39 per dollar. Sterling also eased to $1.3791. A softer dollar has offered limited relief to the yen, which has hovered in the 152–154 range amid speculation about potential intervention by U.S. and Japanese authorities.
The Federal Reserve provided mild support to the greenback after holding interest rates steady, with Chair Jerome Powell citing a resilient U.S. economy and easing inflation risks. In Japan, Tokyo inflation data showed core consumer prices rising 2% year-on-year, aligning with the central bank’s target.
Elsewhere, the Australian and New Zealand dollars both slipped against the U.S. dollar. In cryptocurrencies, bitcoin and ether posted small declines, reflecting cautious risk sentiment across global markets.
