Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Add as a preferred source on Google
The U.S. dollar is on track for a weekly loss, pressured by weak economic data and stalled trade talks. Markets are now focused on the upcoming U.S. nonfarm payrolls report, expected to show a 130,000 job increase, with the unemployment rate projected at 4.2%—though a rise to 4.3% is possible.
Recent U.S. data has fallen short of expectations, intensifying fears that tariffs under President Donald Trump are weighing on growth. The dollar index hovered at 98.72 after touching a six-week low, down 0.7% for the week.
Investors briefly welcomed news of a one-hour call between Trump and China’s Xi Jinping, though optimism faded as details remained vague. Meanwhile, a public dispute between Trump and Elon Musk stole attention from the call’s outcome, adding further market uncertainty.
The euro hit a 1.5-month high of $1.1495 after the European Central Bank's hawkish tone despite a rate cut. It last traded at $1.1449. Monex Europe’s Nick Rees noted caution but adjusted his forecast, now expecting only one more rate cut in September to 1.75%.
Sterling edged up 0.1% to $1.3583 and was set for a 0.9% weekly gain, following a surge to a three-year high. The yen dipped 0.1% to 143.74 per dollar. The Australian dollar rose 0.06% to $0.6512, and the New Zealand dollar climbed 0.17% to $0.6048—both on pace for 1.1% weekly gains.
Currency markets remain range-bound ahead of the U.S. jobs report, with traders watching for signs that the Fed’s tight policy may finally be impacting the labor market and dollar momentum.
