The Dollar regained ground on Thursday as Treasury yields rose amid speculation about Fed Chair Powell’s future. The Dollar strengthened against major currencies, dropping to 148.51 per Dollar. Asian stocks traded cautiously as government bonds fell sharply. Trump softened his stance on tariffs with China, aiming for a trade deal and announcing new tariffs. Chinese stocks rose on government support and Citi’s upgrade. TSMC reported record profits, citing demand for AI chips. UK wage growth slowed to 5%. European stocks rose on earnings and trade hopes. The DAX Index remains rangebound awaiting trade deal news.
Read more at Investing.com: US Dollar Rises as Treasury Yields Climb and Trump Calms Powell Firing Fears