Dollar Holds Near Two-Month High as Yen Approaches 160 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
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Asian markets fell on Tuesday as investors reacted to the U.S.-EU trade deal, which introduced steep tariffs likely to weigh on global growth and inflation. Relief from avoiding harsher measures faded when Europe’s new 15% levy was compared to the previous 1–2% rates before President Donald Trump took office.
European leaders, including those in France and Germany, warned the higher tariffs would drag on growth, sending regional stocks and bond yields lower and pressuring the euro. The common currency slid 1.3% overnight to $1.1592, its steepest drop since May, with support seen at $1.1556. Meanwhile, the U.S. dollar index rose to 98.674, with gains against the yen at 148.63.
Trump further signaled plans for a “world tariff” of 15–20% on non-deal trading partners, potentially the highest rates since the 1930s. JPMorgan economists called the shift a “big shock” to global trade, warning recession risks remain elevated at 40%.
Oil prices extended gains after Trump set a 10–12 day deadline for Russia to progress on ending the Ukraine war or face tougher sanctions. Brent crude held at $70.10 a barrel, while U.S. crude stayed at $66.73.
MSCI’s Asia-Pacific index excluding Japan dropped 0.7%, Japan’s Nikkei fell 0.8%, and Chinese blue chips dipped 0.1%. European futures steadied, with EUROSTOXX 50 up 0.2%. U.S. futures rose modestly ahead of earnings from Apple, Microsoft, and Amazon.
Treasury yields hovered at 4.408% as markets priced in a 97% chance the Federal Reserve will hold rates steady at 4.25–4.5% this week. Attention turns to upcoming U.S. data, including GDP, job openings, and payrolls, which could influence September rate cut expectations. Gold remained flat at $3,316 an ounce.
