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The Australian dollar rose after US-China weekend talks announced a trade deal. Though details are unclear, any easing may boost sentiment.
U.S. stocks fall three days in a row, hitting consumer discretionary, with Tesla's market value shrinking and capital flowing to Europe and Japan.
Sterling rallied on trade deal hopes but fell to a three-week low of 1.3220 Friday after the agreement proved limited.
The Trump administration plans to revise Biden-era decommissioning rules to address peak U.S. shale oil production and falling prices.
Gold rose over 1% Thursday after Fed Chair Powell's cautious economic remarks; U.S. trade deficit hit record high in March on rising imports.
The euro eased Wednesday after Germany elected Merz chancellor—marking the first post-WWII candidate to lose in the first round.
The dollar struggled on Tuesday due to a new 100% tariff on films made outside the US, while the Australian dollar rose to a five-month high.
Oil prices fell over \$2 in early Asian trade Monday as OPEC+ plans faster output hikes despite weak signs of strong market fundamentals.
Trump's policies led to US stock outflows, and the dollar's decline widened the asset gap. Emerging markets may attract capital inflows.
Private sector added 155,000 jobs in March, with wages up 4.6%, easing concerns about a labor market and economic slowdown.
Inflation did not slow down in February, with core PCE up 2.8% year-on-year. Goods prices rose 0.2%, led by entertainment goods and automobile prices.
The Canadian dollar traded sideways on Wednesday as investors reacted calmly to a less decisive Canadian election result and ignored low oil prices.
Gold fell Tuesday as easing US trade tensions boosted market sentiment, with investors awaiting economic data to evaluate the Fed's policy direction.
European shares hit a 3-week high Friday, marking a second weekly gain as US-China trade tensions showed signs of easing, boosting risk appetite.
