China Agrees to Buy 20 Million Tons of U.S. Coal 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Trump, Xi Focus on Trade and AI at White House Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
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The U.S. dollar hovered near a five-month low on Monday, pressured by President Donald Trump’s trade policies and weak economic data. The euro remained strong after German parties agreed on a fiscal deal to boost defense spending and economic growth.
Goldman Sachs analysts noted two key market shifts: a downturn in U.S. assets due to tariff volatility and a fiscal boost in Germany, challenging the narrative of U.S. economic dominance. The euro traded at $1.0881, slightly below last week’s peak of $1.0947.
Germany’s incoming Chancellor Friedrich Merz secured Green Party backing for a major borrowing plan, including a €500 billion infrastructure fund. The deal is expected to pass the outgoing parliament next week.
The Japanese yen stayed near a five-month high, supported by hawkish Bank of Japan signals ahead of its Wednesday policy decision. The U.S. Federal Reserve is also expected to hold rates steady.
China’s yuan approached a four-month high in offshore trading, ahead of a key press conference on domestic consumption stimulus. The dollar index stood at 103.71, close to last Tuesday’s five-month low of 103.21, marking a 6% decline from its January peak.
U.S. consumer sentiment hit a two-and-a-half-year low in March, with inflation fears rising due to Trump’s tariffs. The dollar was stable at 148.70 yen, while the BOJ considers rate hikes amid rising wages.
China unveiled a plan to boost domestic consumption through income growth and childcare subsidies. The Australian dollar edged up to $0.6328, while the British pound slipped to $1.2927.
Bitcoin fell 0.5% to around $82,847.
