Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
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 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
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The Canadian dollar dropped to its lowest level in nearly 22 years on Sunday after U.S. President Donald Trump imposed new tariffs on Canada, Mexico, and China. The tariffs, effective Tuesday, levy 25% on Canadian and Mexican imports, with an additional 10% on Canadian energy products and Chinese goods.
The USD/CAD pair surged 1.4% to its highest level since early 2003, while the Mexican peso slumped to a three-year low as USD/MXN spiked 2.5%. The Chinese yuan also weakened, with the offshore USD/CNH pair rising 0.5%, marking its weakest level since September 2023.
These sharp currency declines highlight growing concerns over economic slowdowns in Canada and Mexico due to their deep trade ties with the U.S. The tariffs aim to address issues like illegal immigration and fentanyl smuggling but have triggered swift retaliation.
Canada responded with 25% tariffs on C$155 billion worth of U.S. goods, while Mexico and China promised countermeasures, though specifics remain undisclosed. Analysts warn that escalating trade tensions could fuel further market volatility and non-USD currency depreciation.
Nomura analysts cautioned that additional retaliatory actions could intensify the trade war, exacerbating risks for global markets. Investors are bracing for heightened uncertainty as the impact of these tariffs unfolds in the coming weeks.
