SOURCE: REUTERSThe dollar headed towards a weekly loss on Friday while bonds remained under pressure, after global central bankers warned that the Middle East war ​could reignite inflation. A dip in oil prices offered brief relief for markets, but trading stayed choppy and nerves frayed, highlighting how brittle investor confidence ‌remains. Trading of cash US Treasuries was closed due to a holiday in Japan, but futures edged marginally higher. Dollar falls from peakThe dollar was set for a weekly loss ​of roughly 1%, as ⁠the Fed is now seen as the only major central bank that is not expected to raise rates this year. The Japanese ​currency was also helped by some hawkish comments from Bank of Japan Governor Kazuo Ueda on Thursday, after the ​central bank held rates steady but maintained its bias for tighter monetary policy.

Source: The Express Tribune March 20, 2026 10:17 UTC