DXY dips near 99.10 on Fed chair change news; US-Iran developments ease safe-haven demand, lifting majors.
Asian EM currencies weaken as US yields, stronger dollar and higher oil strain importers’ reserves.
S&P 500 hit extended Fibonacci targets, showed weakening breadth; expects brief pullback, final rally, then major bear market.
Standard Chartered lifts Taiwan 2026 growth forecast to 9.5% on surging Q1 GDP, AI-export strength.
Japan’s finance minister warns oil-driven forex swings and speculation; G7 monitoring volatility, mineral controls, and imbalances.
China’s April data weakened; TD sees cautious PBOC, targeted fiscal support, infrastructure spending, and possible post-July shift.
Singapore’s NODX rebounded, led by electronics and pharmaceuticals; petrochemicals lagged, highlighting increasingly K-shaped export growth.
Gold steadied near $4,541 as dollar weakened; yields stayed elevated, with traders eyeing Fed signals.
Trump to swear in Kevin Warsh as Fed chair after Senate approval amid rising inflation concerns.
White House calls Iran proposal insufficient; reports suggest temporary oil-sanctions relief; WTI rises 1.79% to $102.76.
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