Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
South Korea, US Discuss Warship Building Cooperation 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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The U.S. dollar hovered near three-week lows against the euro and Swiss franc on Wednesday as renewed geopolitical tensions and fiscal concerns triggered a broad selloff across U.S. assets, including stocks, bonds, and the currency itself. Investor sentiment weakened after the White House revived threats linked to Greenland, reviving the so-called “Sell America” trade that first emerged earlier this year following tariff announcements.
The dollar index, which tracks the greenback against six major currencies, fell 0.53% overnight, its sharpest single-day decline in six weeks, before stabilizing around 98.541. The euro climbed more than 1% at one point on Tuesday, reaching its strongest level since late December at $1.1770, before easing slightly to trade near $1.1720. Meanwhile, the dollar slid nearly 1.2% against the Swiss franc, touching 0.78795, also a December low, before recovering modestly.
Market analysts cited growing concerns over prolonged uncertainty, strained international alliances, declining confidence in U.S. leadership, potential retaliatory measures, and accelerating de-dollarization trends. Although investors remain hopeful that tensions may ease, uncertainty continues to weigh on the dollar.
U.S. equities also felt the pressure, with the S&P 500 and Nasdaq Composite falling to one-month lows as investors returned from a long holiday weekend. Treasury yields surged to multi-month highs, reflecting heavy selling in government bonds.
In Asia, the Japanese yen faced its own turmoil. The currency weakened sharply after Prime Minister Sanae Takaichi called snap elections for February 8 and pledged aggressive fiscal expansion. This fueled a selloff in Japanese government bonds, pushing long-term yields to record highs. The 40-year JGB yield spiked above 4.2% before easing slightly, while the yen hit record lows against both the euro and Swiss franc.
With the Bank of Japan expected to hold rates steady at its upcoming policy meeting, markets will closely watch guidance on future tightening as inflation risks rise amid political uncertainty and a weak yen.
