Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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The U.S. dollar remained resilient on Tuesday, supported by upbeat economic data and shifting expectations around Federal Reserve policy, even as concerns lingered over the possibility of another U.S. government shutdown. Positive signals from the U.S. economy and easing geopolitical tensions helped underpin the greenback, keeping investors focused on growth and interest rate outlooks rather than political risks.
The dollar index, which tracks the greenback against a basket of major currencies, hovered near 97.50 after two consecutive days of gains. The recent strength in the dollar followed stronger-than-expected U.S. manufacturing data from the Institute for Supply Management, which showed activity returning to growth territory. Although a key U.S. jobs report faces potential delays due to political gridlock in Washington, market sentiment toward the dollar remained broadly constructive.
Expectations surrounding U.S. monetary policy have also played a significant role. The dollar has trended higher since President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair. Analysts believe Warsh is less inclined to push for aggressive interest rate cuts compared with other potential candidates, reinforcing the view that U.S. rates may stay higher for longer, a factor that typically supports the dollar.
Geopolitical developments added to the supportive backdrop. The United States announced a new trade deal with India, easing trade tensions and reducing uncertainty. At the same time, nuclear talks between the U.S. and Iran are set to resume, helping calm markets concerned about escalating conflict in the Middle East.
In currency markets, the Australian dollar climbed ahead of an expected interest rate hike by the Reserve Bank of Australia, rising to around $0.6965. The New Zealand dollar and British pound also edged higher. Meanwhile, the Japanese yen remained weak amid political uncertainty and expectations of more expansionary fiscal policy ahead of Japan’s upcoming election.
In digital assets, cryptocurrency prices were mixed, with bitcoin trading near $78,840 and ether slightly higher, reflecting steady risk appetite across global markets.
