Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Philippine GDP Growth Slows to 2.3% in Q2 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
The U.S. Treasuries jumped during Tuesday’s afternoon session, amid a relatively quiet day with the June vehicle sales the only notable new data release. However, Cleaveland Fed President Mester is also scheduled to speak publicly today at 15:00GMT ahead of the Independence Day holiday.
The yield on the benchmark 10-year Treasury yield slumped 2 basis points to 2.012 percent, the super-long 30-year bond yields suffered nearly 1-1/2 basis point to 2.544 percent and the yield on the short-term 2-year traded 2 basis points down at 1.767 percent by 11:40GMT.
Equity markets’ rally following the G20 meeting outcome for a truce in the US/China trade war came to a halt today amid renewed concerns over US trade policy. With investors remaining concerned that the US-China agreement for resumption of trade talks does not indicate that the likelihood of a final deal has necessarily increased, fixed income assets remained well supported, Eurobank Economic Analysis & Financial Markets Research reported.
Meanwhile, the S&P 500 Futures traded tad -0.11 percent lower at 2,964.62 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 94.40 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
