Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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Asian stock markets traded cautiously on Tuesday as investors reacted to U.S. President Donald Trump’s decision to postpone a planned military strike on Iran, easing fears of an immediate escalation in the Middle East conflict. The announcement pushed oil prices lower and helped stabilize global bond markets after a sharp selloff.
Trump stated that Washington paused military action to allow negotiations with Tehran to continue after Iran reportedly delivered a new peace proposal aimed at ending the ongoing conflict. He also expressed optimism that the United States could secure a nuclear agreement preventing Iran from developing nuclear weapons.
Despite the temporary relief, market sentiment remained fragile following a recent drone attack in the United Arab Emirates, which heightened concerns over disruptions in the Strait of Hormuz, a critical global oil shipping route. Analysts noted that investors remain skeptical until shipping traffic in the region returns to normal.
Brent crude oil futures dropped more than 2% to $109.41 per barrel, while U.S. West Texas Intermediate crude slipped 1.3% to $107.25. Even with the decline, oil prices remain significantly above pre-conflict levels, fueling ongoing inflation concerns worldwide.
Asian equities showed mixed performance, with Japan’s Nikkei index gaining 1%, while South Korea’s Kospi fell 2%. MSCI’s Asia-Pacific index outside Japan declined 0.22%. U.S. futures were also subdued ahead of Nvidia’s highly anticipated earnings report, which investors view as a key test for the artificial intelligence-driven stock rally.
Meanwhile, bond markets found some relief as falling oil prices eased inflation fears. U.S. Treasury yields pulled back slightly from recent highs, while Japanese government bond yields also retreated after surging in previous sessions.
In currency markets, the U.S. dollar remained strong against the Japanese yen, trading near 159 yen, increasing speculation about possible intervention from Japanese authorities. Gold prices edged lower as higher bond yields reduced demand for the safe-haven asset.
