Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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The U.S. dollar weakened sharply on Monday as investors fled to safe haven currencies like the Japanese yen and Swiss franc, following President Donald Trump’s sweeping new tariffs. Concerns over a looming global recession, especially in the U.S., triggered a sell-off in risk assets, wiping out nearly $6 trillion in U.S. stock value last week.
The yen rose 1.3% to 144.95 per dollar, nearing a six-month high, while the Swiss franc gained over 1%, trading at 0.85095. Both currencies extended strong gains from the previous week as demand for safe assets surged. U.S. government bonds and gold also rallied.
The Australian and New Zealand dollars, seen as pro-growth currencies, slumped in the rout. The Aussie fell 0.73% to $0.6001, a five-year low, while the kiwi dropped 0.75% to $0.5554. The euro edged up 0.26% to $1.0994, and the British pound eased slightly to $1.2889.
The dollar index fell more than 0.4% to 102.48, extending last week’s 1% drop. Analysts point to investor fears over U.S. economic resilience as the country finds itself at the center of an escalating trade war. China retaliated with 34% tariffs on all U.S. goods and export restrictions on rare earths.
Fed rate cut expectations have intensified, with markets pricing in 100 basis points of easing by year-end. However, Fed Chair Jerome Powell signaled it may be too early to determine the central bank’s next move.
Meanwhile, traders are closely watching China’s yuan fixing for clues on Beijing’s stance amid rising tensions. The offshore yuan held steady at 7.2861 per dollar.
With risk aversion rising, the dollar’s safe-haven status appears to be weakening in the face of mounting trade and growth uncertainties.
