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Dollar softens, Bitcoin retreats, and global equities wobble amid trade fears
The week ended on a cautious note across global markets. Traders weighed escalating tariff rhetoric from Donald Trump, a weaker U.S. dollar, and a broad pullback in risk assets. While gold held near record highs, oil slumped and Bitcoin retreated sharply from its latest peak.
💱 FX / Currencies
The U.S. dollar came under renewed pressure as investors shifted into risk-off mode following Trump’s threat of new tariffs on Chinese goods. The Dollar Index (DXY) slipped slightly as markets reassessed the policy tone from Washington.
The Japanese yen posted its biggest weekly loss in over a year, as uncertainty surrounding the Bank of Japan’s monetary path weighed on the currency.
Meanwhile, the euro remained under strain amid political turmoil in France and renewed anxiety about slowing eurozone growth.
💻 Crypto
After setting a fresh record near $122,000, Bitcoin reversed course sharply, falling below $118,000 as profit-taking spread across the market and sentiment mirrored the sell-off in global equities.
Major altcoins — Ethereum, Solana, and XRP — followed the same pattern, posting modest to heavy corrections.
🪙 Commodities
Gold continued to shine as a safe haven, holding close to all-time highs amid geopolitical uncertainty and global growth concerns.
In contrast, oil prices extended their decline: WTI crude fell roughly 3.7%, while Brent recorded a similar drop. Concerns over global demand and growing inventories kept energy traders defensive.
📉 Indices / Equities
Equity markets closed the week on a sour note. In the U.S., fears of a renewed trade war sent stocks lower: the S&P 500 lost about 1.2%, and the Nasdaq tumbled roughly 2.1% as technology names faced sharp selling.
In Turkey, the BIST 100 Index edged down 0.06%, reflecting a mix of domestic caution and broader global risk aversion.
📰 Headlines That Moved Markets
- Trump announced plans for steeper tariffs on Chinese imports, rattling investors and raising fears of another trade confrontation.
- France’s political uncertainty and the struggle to form a stable government continued to weigh on the euro and regional equities.
- In the U.S., the federal government shutdown disrupted economic data releases, adding to uncertainty around the Federal Reserve’s policy path.
🔮 Outlook for the Coming Days
- Markets will be watching China’s potential response to U.S. tariff threats — any firm retaliation could deepen risk aversion.
- In crypto, if Bitcoin remains below $118,000, downside momentum could strengthen; a rebound above $124,000 would signal renewed bullish appetite.
- Gold remains sensitive to real yields and U.S. Treasury movements; a rebound in the dollar may cap its upside in the near term.
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