Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Trump, Xi Focus on Trade and AI at White House Summit 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
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The U.S. dollar strengthened slightly on Monday as investors turned to safe-haven assets following rising tensions between Washington and Tehran. Market sentiment remained cautious ahead of key U.S. inflation reports expected later this week, with traders closely monitoring the impact of surging oil prices on the economy.
The U.S. Dollar Index, which measures the greenback against six major currencies, climbed 0.1% to 97.96 during late trading. The move came after President Donald Trump rejected Iran’s latest proposal aimed at ending the ongoing conflict between the two countries.
Iran reportedly requested recognition of its sovereignty over the Strait of Hormuz, an end to hostilities, and compensation for war-related damages. Trump dismissed the proposal as “totally unacceptable,” criticizing Tehran for failing to address its nuclear program. He also described the current ceasefire as “unbelievably weak,” adding further uncertainty to global markets.
The Strait of Hormuz, a critical route for global oil shipments, remains a major point of conflict. Supply disruptions have pushed crude oil prices sharply higher, fueling concerns about inflation worldwide. Analysts believe elevated oil prices could continue supporting the U.S. dollar because the American economy is seen as more resilient than many others during energy shocks.
Investors are now focused on upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Economists expect energy costs to remain a major driver of inflation, while markets will also look for signs that higher fuel prices are spreading into core inflation categories. Stronger inflation data could reinforce expectations that the Federal Reserve may maintain higher interest rates for longer, which would likely support the dollar further.
Elsewhere, the Chinese yuan edged higher after stronger-than-expected inflation data from China, while the British pound and euro both slipped against the dollar amid political and economic uncertainty.
