The market situation that remains uncertain continues to invite investors' anxiety for the last week of February trading.
The US dollar showed a decline in value again on Tuesday yesterday, which was also influenced by the US (US) consumer confidence survey data published with a decline.
The decline in the February reading to 98.3 points was lower than expected, and showed the largest drop in the index since August 2021.
The king of currencies fell to a 2-month low after failing to continue the slow recovery shown last Monday.
In addition, the US 10-year treasury yield showed a decline of around 4.3% on Tuesday, the lowest level since mid-December.
Market analysts maintained a cautious warning after President Donald Trump signaled that tariffs on Mexico and Canada would be resumed in early March after being postponed for a month.
Investors will be watching US economic growth through the latest data report due on Thursday as rising inflation worries policymakers.
In a speech early Wednesday morning, President Trump signed an executive order for the US Commerce Department to launch an investigation into the copper market that could potentially lead to tariffs.
He reiterated his intention to impose a digital services tax on other countries and also stated that the US does not need Canadian crude oil or wood products.
In the Asian session this morning, attention will be focused on the Australian inflation report while in the New York session, the US new home sales report and US oil inventories will be given attention.
