US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Add as a preferred source on Google
The U.S. dollar remained largely flat on Tuesday as currency markets balanced geopolitical risks from escalating U.S.-Iran tensions against hopes for renewed diplomatic progress. The dollar index edged up just 0.04% to 98.38, reflecting cautious investor sentiment rather than decisive movement in either direction.
Tensions in the Middle East intensified after President Donald Trump confirmed the U.S. military launched a blockade of vessels departing Iranian ports. Iran responded by threatening retaliatory action against Gulf neighbors' ports following the collapse of weekend peace talks in Pakistan. Despite this, Reuters confirmed that diplomatic back-channels between Washington and Tehran remained open. Trump noted that Iran had expressed interest in reaching a deal, while Vice President JD Vance signaled expectations that the Strait of Hormuz would gradually reopen to shipping traffic.
Currency strategists warned that any breakdown in the fragile ceasefire could reignite dollar strength. U.S. crude futures reflected the uncertainty, falling over $2 to $96.99 per barrel in early Asian trading.
Against major currencies, the euro gained 0.03% to $1.1761, the Japanese yen firmed slightly to 159.3 per dollar, and the British pound rose 0.03% to $1.3508. The Australian dollar slipped 0.04% to $0.7091, while the New Zealand dollar edged up 0.03% to $0.5868.
Market attention also turned to the Bank of Japan, where the probability of an interest rate hike this month dropped sharply to 40% from 57% just days earlier. Ongoing geopolitical volatility has clouded Japan's economic outlook, prompting BOJ Governor Kazuo Ueda to emphasize caution. Analysts noted that if the BOJ opts to hold rates, the dollar-yen pair could break above the psychologically critical 160 threshold, potentially triggering currency intervention.
In digital assets, Bitcoin climbed 1.70% to $74,438.67, while Ethereum surged 5.32% to $2,373.32, offering a notable contrast to the subdued mood in traditional forex markets.
