Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
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The U.S. dollar strengthened on Friday as escalating global trade tensions and economic slowdown fears weighed on markets. The euro slipped to $1.0847, retreating further from Tuesday’s five-month peak, as a trade dispute between the U.S. and EU intensified.
President Donald Trump threatened a 200% tariff on European alcohol imports, following the EU’s plans to impose levies on American whiskey in response to recent U.S. tariffs on steel and aluminum. The ongoing trade friction fueled uncertainty, pushing investors toward safe-haven assets like U.S. Treasuries, while the S&P 500 tumbled into correction territory.
The dollar index rose 0.1% to 103.95, extending its two-day gain, while the yen weakened to 148.32 per dollar. Japan’s wage negotiation results, expected later in the day, could influence the Bank of Japan’s interest rate stance, though policymakers are likely to remain cautious at next week’s meeting.
The pound hovered around $1.2945, awaiting UK GDP data, after retreating from Wednesday’s high of $1.2990. Meanwhile, the Australian dollar steadied at $0.6284, and the New Zealand dollar edged up 0.1% to $0.5702.
Bitcoin gained 1.32% to $81,410.36, continuing its recent uptrend amid broader market volatility.
Adding to economic concerns, a potential U.S. government shutdown looms. However, Senate Democrat Chuck Schumer signaled support for a Republican funding bill, easing some uncertainty.
As global markets navigate economic risks and policy shifts, investors remain cautious, awaiting key economic data and trade developments.
