波罗的海干散货 (BalticDry) 加自选

一周前：关税裁决后，美元还有支撑力吗？。最高法院驳回了特朗普总统使用紧急权力征收广泛关税的做法。法院没有对退款作出裁决。

Week Ahead: Does the Dollar Still Have Legs After the Tariff Ruling?.The Supreme Court struck down President Trump's use of emergency powers to impose widespread tariffs. The court did not rule on refunds.

关税、美联储和伊朗：三个考验，一个有弹性的市场。上周，全球市场被迫面对三大发展，每一个都有可能破坏市场稳定。投资者没有在法律、货币和地缘政治冲击的重压下屈服，而是以惊人的冷静做出了回应。

Tariffs, Fed and Iran: Three Tests, One Resilient Market.Global markets were forced to face three major developments last week, each capable on its own of destabilizing sentiment. Instead of buckling under the weight of legal, monetary, and geopolitical shocks, investors responded with surprising composure.

下跌而非失败：美元准备好卷土重来了吗？。随着经济韧性、政策担忧缓解和地缘政治因素支持反弹，美元最近的疲软可能正在逆转。随着全球和国内压力的增加，印度卢比可能面临贬值。

Down, Not Defeated: Is the Dollar ready for its comeback?.The U.S. dollar's recent weakness may be reversing as economic resilience, easing policy concerns and geopolitical factors support a rebound. With global and domestic pressures building, the Indian rupee could face depreciation.

日元前景：关税和地缘政治扰乱美元/日元驱动因素。就在美元/日元似乎正在回归更简单的宏观叙事时，新的政策冲击和地缘政治风险使这种稳定性受到质疑。由于多种催化剂能够扰乱收益率和风险情绪，交易员面临的背景要宽容得多。

Japanese yen outlook: USD/JPY drivers scrambled by tariffs and geopolitics.Just as USD/JPY looked to be drifting back towards a simpler macro narrative, fresh policy shocks and geopolitical risks have thrown that stability into doubt. With multiple catalysts capable of unsettling yields and risk sentiment, traders face a far less forgiving backdrop.