European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
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Asian currencies were mostly flat on Monday after a week of losses, as investors remained cautious amid fresh U.S. tariff threats and mixed signals from global trade data. The U.S. Dollar Index edged up 0.1% during Asian trading hours, with Dollar Index Futures also rising 0.1%.
Market focus shifted to escalating trade tensions after former President Donald Trump announced a 30% tariff on most European Union and Mexican imports starting August 1. The EU responded by extending a pause on retaliatory tariffs, signaling hopes for a diplomatic resolution. Trump had also unveiled tariffs last week targeting Japan, South Korea, Canada, Brazil, and copper imports, and threatened a 10% tariff on BRICS-aligned nations.
Currency markets stayed subdued as traders avoided major positions amid the policy uncertainty. The Japanese yen (USD/JPY) and South Korean won (USD/KRW) remained largely unchanged, while the Australian dollar (AUD/USD) slipped 0.2%. The Indian rupee (USD/INR) rose 0.2%, and the Indonesian rupiah (USD/IDR) gained 0.3%.
Meanwhile, Singapore’s Q2 GDP exceeded expectations, driven by resilient electronics and manufacturing exports. However, the government warned of growing downside risks in H2 2025 due to volatile U.S. tariff policies. The Singapore dollar (USD/SGD) held steady.
In China, trade data showed a stronger-than-expected rise in the June trade surplus, helped by improved exports amid recent tariff reductions with the U.S. Both the onshore yuan (USD/CNY) and offshore yuan (USD/CNH) remained stable.
Investors are closely watching further trade policy developments as markets look for clarity on global economic direction.
