Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
The U.S. dollar weakened on Friday, marking its first weekly decline in five weeks against major currencies like the euro and yen, as investors shifted to safe-haven assets amid rising concerns over America’s ballooning debt and fiscal outlook. This follows Moody’s recent downgrade of U.S. debt and renewed scrutiny over the $36 trillion national debt and President Donald Trump’s tax bill, which could significantly inflate the deficit.
The dollar index dipped 1.1% this week, trading at 99.829 in early Asia hours, despite surging U.S. Treasury yields. The 30-year bond yield held above 5%, nearing 19-month highs and approaching levels not seen since mid-2007. However, the elevated yields failed to support the dollar, triggering a "Sell America" trend as foreign investors pull back amid fears of fiscal irresponsibility.
Pepperstone’s Chris Weston attributed the market’s reaction to rising yields not to stronger economic fundamentals but to growing worries about deficit spending, inflation expectations, and higher interest burdens. These concerns have pushed up the term premium, discouraging foreign participation in U.S. markets.
The euro rose 0.21% to $1.1303, heading for a 1.2% weekly gain, while the yen steadied at 143.84 per dollar, also up 1.2% for the week. Japan’s core inflation hit a two-year high in April, boosting prospects for another rate hike. The Swiss franc firmed to 0.8272 per dollar, and the New Zealand dollar edged up to $0.59095.
Meanwhile, the Australian dollar traded at $0.6422, little changed for the week, following the Reserve Bank of Australia’s rate cut to 3.85% due to global uncertainties and easing domestic inflation.
