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Trump’s attacks on the Fed chair hit investor confidence, pushing the dollar near a decade-low against the Swiss franc on Tuesday.
Gold hit a record high Monday in Asia on safe-haven demand amid concerns Trump’s plan to replace Powell could threaten Fed independence.
Thursday marked the week's final settlement before Easter, with light trading. Brent and WTI rose about 5%, their first weekly gain in 3 weeks.
Gold dipped from its high on Thursday but stayed firm as US stocks fell again after Trump ordered a probe, sparking new global trade war concerns.
China's first-quarter GDP exceeded expectations, but US tariffs could pose a significant risk, and a reversal in exports is expected.
European shares rose Wednesday as investors eyed US-EU trade talks; Trump said he's considering changes to the 25% car import tariffs.
The Canadian dollar held near a 5-month high Tuesday as investors eyed the BOC rate decision; cuts likely later despite steady rates this week.
Gold hovered above $3,200 near record highs Monday as the dollar stayed near a 3-year low, driving investors to the metal’s safe haven appeal.
Trump’s tariff suspension lifted U.S. stocks, but growing fears of recession and inflation pushed several Wall Street firms to cut S&P 500 targets.
Oil prices fell on Friday, set to decline for a second week amid concerns that the ongoing US-China trade war will hurt global crude demand.
Labor Department data showed that the consumer price index rose 2.8% in February, core inflation was 3.1%, and housing costs rose 4.2%.
The rand stayed near an all-time low on Thursday, as Trump’s policies and fears of South Africa’s government split unsettled investors.
The euro rose Wednesday as Germany's conservatives and Social Democrats reached a deal to form a government, easing EU political concerns.
Asian stocks rebounded and US futures rose Tuesday as markets steadied, hoping Washington may ease some aggressive tariffs.
The Australian dollar dropped to five-year lows, driven by trade war fears and recession concerns, with traders betting on large rate cuts.