The U.S. dollar rose Wednesday, continuing the previous session’s sharp rebound after President Donald Trump backed away from his criticism of Federal Reserve Chairman Jerome Powell, while trade tensions between the U.S. and China also lessened.

Thailand’s industrial sentiment in March fell for the first time in three months, with a future index pointing to a further fall on concerns about U.S. tariffs, the Federation of Thai Industries said on Tuesday.

Vietnam’s trade ministry has issued a directive to crack down on illegal transhipment of goods to the United States and other trading partners as it tries to avoid steep U.S. tariffs, according to a document reviewed by Reuters.

Bank of America lowered its global growth outlook in a note Monday, citing the disruptive impact of escalating tariffs and mounting economic uncertainty tied to U.S. trade policy under Donald Trump.

Most Asian stocks moved in a flat-to-low range on Tuesday as investors remained on edge over U.S. President Donald Trump’s trade tariffs and his persistent criticism of Federal Reserve Chair Jerome Powell. 

Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand.