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The U.S. dollar weakened against the yen, Swiss franc and euro on Thursday but also against more risk sensitive currencies such as the Australian dollar, as markets digested President Donald Trump's dramatic reversal on tariffs. Trump stunned financial markets on Wednesday by walking back steep duties on trading partners that had gone into effect less than 24 hours earlier. The U.S. dollar rebounded sharply against the safe-haven Swiss franc and Japanese yen on Wednesday, while Wall Street's main stock indexes leaped as the tariff reprieve brought some relief to investors.

Binance is launching LDUSDT, a new reward-bearing margin asset designed for its futures platform.

On Tuesday, investors withdrew $326 million from U.S. spot Bitcoin exchange-traded funds (ETFs), marking the largest single-day outflow since March 11.

Ethereum has underperformed Bitcoin on 85% of all trading days since it launched in 2015.

Bitcoin is increasingly being used in international trade, particularly by countries looking to avoid U.S.-controlled financial systems.

(Bloomberg) -- Stocks in Japan and South Korea jumped the most since August on Thursday as a reprieve in higher US tariffs on most nations lured buyers back to the beaten-down market.Japan’s benchmark Topix index climbed as much as 8.3% while the Nikkei 225 Stock Average rallied 9%. The nation’s 10-year government bonds tumbled as risk aversion eased. South Korea’s Kospi Index soared as much as 5.5% a day after entering a bear market. Across Asia, equity markets bounced back sharply with currenc

U.S. West Texas Intermediate crude futures fell $2.28, or 3.7%, to settle at $60.07 per barrel. Brent crude futures fell $2.15, or 3.3%, to $63.33 a barrel. Both contracts had gained more than $2 a barrel on Wednesday after U.S. President Donald Trump paused the heavy tariffs he had announced against dozens of U.S. trading partners a week ago, marking an abrupt U-turn less than 24 hours after the levies took effect.

"Historical comparisons show that recessions are usually associated with larger equity drawdowns than we have seen," Goldman Sachs said.

Global shares surged and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. However, the sharp overnight rally in U.S. stocks and the dollar lost steam as a trade war between the United States and China ratcheted up, with investors also perplexed over the flip-flopping of the Trump administration's tariff plans. Following a days-long market rout that erased trillions of dollars from global stocks and jolted U.S. Treasury bonds and the dollar, Trump on Wednesday announced a 90-day pause on many of his new tariffs in a shock reversal.

World markets soared on Thursday, with Japan’s benchmark jumping more than 9%, as investors welcomed U.S. President Donald Trump’s decision to put his sharp tariff hikes on hold for 90 days, though he excluded China from the reprieve. Chinese shares saw more moderate gains, given yet another jump in the tariffs each side is imposing on each others’ exports.