_{FINANCIAL NEWS}

US Dollar Weakens as China Retaliates Against US Tariff Proposal

China has retaliated against President Trump's 10% tariff on Chinese imports by imposing targeted tariffs on US coal and other goods and launching an antitrust case against Alphabet. Meanwhile, Trump has agreed to a 30-day suspension of proposed 25% tariffs on Canadian and Mexican imports in exchange for border security enhancements.

Economic data shows that JOLTS Job Openings fell short of expectations, dropping to 7.6 million from 8.09 million. Investors are now focused on Friday’s US Nonfarm Payrolls (NFP) report, which could influence the Federal Reserve’s policy outlook. Equities are rising as weaker job data increases expectations of a Fed rate cut, while the US 10-year yield recovers to 4.55%.

The US Dollar Index (DXY) has weakened, slipping below 108.00 as technical indicators turn bearish. If downward pressure continues, support is expected near 107.80, while resistance is at 109.00. Read More.

_{WORLD NEWS}

Singapore’s Prime Minister Warns of 'Third World War' Risk if U.S.-China Rivalry Divides the World

Singapore Prime Minister Lawrence Wong warns that forcing countries to choose sides between the U.S. and China could push the world to the brink of a third world war. Speaking at the National University of Singapore, Wong noted that while a full split between the two powers is unlikely, miscalculations in geopolitical hotspots like the South China Sea or Taiwan Strait could escalate tensions.

He emphasized that Southeast Asian nations, including Singapore, prefer to maintain balanced relations with both the U.S. and China. Despite concerns over trade wars and territorial disputes, Wong does not believe a complete decoupling is feasible, citing economic interdependence, particularly in manufacturing and supply chains. His remarks follow Trump's renewed tariff threats on Chinese goods, raising fears of escalating economic tensions. Read More.