Dollar Holds Near Two-Month High as Yen Approaches 160 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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The U.S. dollar took a breather on Thursday after rallying on easing tensions over Federal Reserve leadership and U.S.-China trade policy. President Donald Trump stepped back from threats to fire Fed Chair Jerome Powell, while the White House signaled a more flexible stance on tariffs, reducing market anxiety.
After briefly dipping below 140 yen earlier in the week, the greenback rebounded and was last seen trading at 143.25 yen. Support also came from U.S. Treasury Secretary Scott Bessent, who stated the U.S. had no fixed currency target ahead of discussions with Japan. He added that the current trade embargo with China was "unsustainable," but emphasized the U.S. would not be the first to ease its steep tariffs on Chinese imports.
The euro edged lower to $1.1338 after recovering from a three-and-a-half-year low of $1.1572. ING currency strategist Francesco Pesole noted that the dollar remains highly sensitive to trade developments, cautioning that while short-term risks for the USD are tilted to the downside, recent heavy selling may not persist.
The euro-dollar exchange rate, Pesole added, is closely tied to broader dollar movements, with a rise above $1.15 possible if concerns resurface over the Fed’s independence.
Commodity-linked currencies also retreated slightly. The Australian dollar hovered at $0.6361, with resistance seen near its 50-day moving average of $0.6286 amid global growth concerns. The New Zealand dollar remained firm at $0.5949.
Sterling stabilized at $1.3263, and the Swiss franc held steady at 0.8290 per dollar. China’s yuan was little changed, trading around 7.29 per dollar during early Asia hours.
