Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Trump, Xi Focus on Trade and AI at White House Summit 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
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Despite all his harshest of rhetoric and actions towards ballooning U.S. trade deficit, President Trump seems to have failed to reign on it. Since his inauguration, President Trump and his team have taken actions to reign over the tariffs; imposing tariffs on steel and aluminum, taking harsher steps in terms of anti-dumping and countervailing duties, and imposing tariffs on goods from China but so far the impact isn’t getting reflected in actual data.
According to data from U.S. census bureau, the U.S. goods trade deficit with the rest of the world reached a new record high of $76.98 billion in October. At this rate, the U.S. trade deficit is set to surpass last year’s $795.69 billion in 2018.
The increasing trade deficit with more focused from investors thanks to President’s Trump’s war to reign on it is likely to act as a negative factor for the USD in the longer term.
