Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
China Agrees to Buy 20 Million Tons of U.S. Coal 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
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Asian currencies declined on Tuesday, while the U.S. dollar edged higher after President Donald Trump imposed tariffs on metal imports, fueling concerns over a potential trade war.
Trade-sensitive currencies, including the South Korean won, Australian dollar, and Singapore dollar, were among the biggest losers. The Japanese yen saw some safe-haven demand, limiting its losses, while the Chinese yuan remained stable.
The dollar index rose 0.1%, extending gains from the previous session. Trump signed executive orders imposing 25% tariffs on steel and aluminum imports, with potential for additional tariffs. Traders speculated that these measures could drive inflation, influencing future interest rate decisions.
The USDKRW and USDSGD pairs increased by 0.2% and 0.1%, respectively, while the AUDUSD fell 0.2%, despite positive consumer sentiment data in Australia. The yen held near a two-month low as bets on Bank of Japan rate hikes increased. The Chinese yuan remained steady, backed by Beijing’s intervention following recent U.S. tariffs.
India’s rupee stabilized after nearing record lows, supported by the Reserve Bank of India. However, concerns grew after Trump’s top economic adviser, Kevin Hassett, criticized India’s high import tariffs. Reports suggested Prime Minister Narendra Modi is preparing tariff cuts on key sectors, including electronics and medical equipment, ahead of discussions with Trump.
Market participants now await key U.S. inflation data, expected to influence the Federal Reserve’s rate outlook. Asian currencies remain under pressure amid growing trade tensions and shifting monetary policies.
