China’s exports are likely to deteriorate amid a bitter trade war with the U.S., ANZ analysts said in a Tuesday note, but the country’s trade balance- particularly its massive surplus- may be less impacted. 

The dollar marked a fresh low against the yen and hovered around multi-year lows versus the euro and the Swiss franc on Tuesday as President Donald Trump’s attacks on the Federal Reserve raised concerns about the central bank’s independence.

Asian stocks were mixed in Monday’s holiday-thinned session, as Chinese equities rose after the country’s central bank kept loan prime rates steady, while Japanese shares fell after stronger-than-expected inflation data from last week.

Oil prices slipped nearly 2% in Asian trading on Monday, as nuclear talks between the U.S. and Iran eased supply disruption fears, while a temporary ceasefire between Russia and Ukraine further reduced oil’s risk premium.

The dollar tumbled on Monday as investor confidence in the U.S. economy took another hit over President Donald Trump’s plans to shake up the Federal Reserve, which would throw into question the independence of the central bank.

Singapore’s non-oil domestic exports in March rose 5.4% from the same month a year earlier, government data showed on Thursday, with shipments of both electronics and non-electronics increasing.