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Global Markets React to Dollar Strength and Trade Uncertainties
Global Markets React to Dollar Strength and Trade Uncertainties
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Global equities faltered as the U.S. dollar rebounded, fueled by unexpectedly strong service sector data. Asian currencies bore the brunt, with the Taiwanese dollar plunging 3.2%—erasing its largest gain in years. The yen and yuan followed suit, reflecting regional forex unease.
U.S. futures mirrored the turbulence, with S&P 500 contracts down 0.4%. Investor sentiment remains fragile amid Trump’s tariff threats—including a proposed 100% levy on foreign films—and the conspicuous absence of U.S.-China trade talks this week. All eyes now turn to the Federal Reserve’s policy deliberations, where traders seek clarity on rate trajectories.
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