Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Dollar Holds Near Two-Month High as Yen Approaches 160 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
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Asian currencies gained ground on Monday while the US dollar slipped as investors turned cautious ahead of a looming deadline that could trigger a partial U.S. government shutdown. Market focus also remained on key monetary policy decisions this week from the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI).
The US Dollar Index, which tracks the greenback against a basket of major peers, fell 0.2% in early Asian trade. Futures linked to the index also traded lower by the same margin at 04:17 GMT. Investors are closely watching whether Congress can pass a funding bill before the fiscal year ends, with failure likely resulting in a shutdown beginning Wednesday. U.S. President Donald Trump is set to meet lawmakers later Monday in a bid to avert the crisis.
A shutdown would immediately impact government operations and financial markets, particularly delaying crucial economic data such as the September nonfarm payrolls report, due Friday. Market participants fear prolonged disruption could weigh on investor sentiment and increase volatility.
Asian foreign exchange markets strengthened as traders speculated that U.S. political uncertainty may drive near-term outflows from U.S. assets. The Japanese yen rose 0.4% against the dollar, while the Singapore dollar gained 0.1%. The South Korean won advanced 0.4%, and the Indonesian rupiah firmed 0.3%. Both the onshore and offshore Chinese yuan also edged higher, with USD/CNY down 0.2% and USD/CNH falling 0.3%.
Meanwhile, the Australian dollar climbed 0.3% ahead of Tuesday’s RBA meeting, where rates are widely expected to remain unchanged at 3.6%. The Indian rupee traded flat near record lows, with investors awaiting the RBI’s decision later this week. Analysts largely expect no change to the policy rate, currently at 5.50%, though some see room for a surprise cut.
With U.S. political risks and central bank outcomes in focus, global markets are bracing for heightened volatility in the week ahead.
