US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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The U.S. dollar rose slightly on Wednesday as markets remained uncertain about President Donald Trump's tariff plans. Trump hinted at a 10% tariff on Chinese imports starting Feb. 1, alongside potential 25% levies on goods from Mexico and Canada, as well as duties on European imports, but specifics remain unclear.
Following his inauguration, the dollar slid 1.2% against a basket of major currencies but stabilized Tuesday after U.S. officials suggested tariffs would be implemented cautiously. The dollar index held steady at 108.14, with the dollar gaining 0.23% to 155.87 yen. Meanwhile, the euro dipped 0.17% to $1.0410, and sterling fell 0.13% to $1.2343.
Analyst Tony Sycamore noted Trump's measured approach might mitigate inflation risks and potential Federal Reserve rate hikes. Markets currently anticipate a quarter-point Fed rate cut by July, with another reduction by year-end seen as a possibility.
The Canadian dollar slipped 0.1% to C$1.4337, affected by a recent inflation slowdown. The Mexican peso weakened 0.15% to 20.6430 per dollar, while China’s yuan eased 0.24% to 7.2865 in offshore trading after reaching a one-month high on Tuesday.
RBC Capital Markets' Alvin Tan remarked that a 10% tariff on Chinese imports is far below Trump’s campaign rhetoric, suggesting a strategy geared toward negotiations rather than aggressive protectionism, which could weigh on the dollar.
The New Zealand dollar dropped 0.42% to $0.5655 as fourth-quarter inflation stayed within the Reserve Bank’s target range. Markets expect a potential rate cut in February. The Australian dollar fell 0.24% to $0.6258, with rate normalization and easing inflation undermining both currencies.
Analysts believe cautious trade policies and inflation dynamics could influence further dollar movements.
