Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
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 
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Asian stock markets plunged Monday amid intensifying recession fears and escalating trade tensions, as the White House stood firm on its tariff plans. Investors increasingly bet on aggressive U.S. rate cuts, with futures pricing in nearly five quarter-point cuts this year, pulling Treasury yields sharply lower.
President Donald Trump reiterated his stance on trade, saying no deal would be made with China until the U.S. trade deficit is addressed. Beijing responded by letting markets interpret its retaliatory plans, adding to the uncertainty.
S&P 500 futures fell 3.1%, while Nasdaq futures dropped 4%, deepening last week’s $6 trillion market loss. European futures also sank, with EUROSTOXX 50 down 3%, FTSE futures off 2.7%, and Germany’s DAX down 3.5%. In Asia, Japan’s Nikkei plunged 6%, South Korea shed 5%, and Chinese blue chips slid 4.4%. Taiwan’s index dropped nearly 10% following a market holiday, prompting a short-selling curb.
Oil prices extended losses, with Brent crude falling to $64.23 per barrel and U.S. crude to $60.60. The flight to safety pushed 10-year Treasury yields down to 3.916% and boosted Fed fund futures, now reflecting a 56% chance of a rate cut by May.
The dollar weakened against safe-haven currencies, slipping 0.4% versus the yen and 0.6% against the Swiss franc. Meanwhile, inflation concerns linger, with U.S. CPI expected to rise 0.3% in March. Analysts warn tariffs may soon push consumer prices and business costs higher, eroding profit margins.
Gold dipped 0.3% to $3,026 as investors scrambled to cover margin calls, fueling fears of a broader fire sale. As earnings season begins, Goldman Sachs anticipates fewer companies will issue forward guidance due to tariff-related uncertainty and shrinking margins.
