Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
China Agrees to Buy 20 Million Tons of U.S. Coal 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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The U.S. dollar remained weak near a five-month low against major currencies on Wednesday, weighed down by ongoing concerns over the U.S. economy and uncertainty surrounding President Donald Trump’s trade policies.
The dollar index hovered at 103.47 after sliding 0.46% on Tuesday to a five-month low of 103.21. Weaker U.S. economic data, including a decline in small-business confidence for the third straight month, heightened recession fears. Investors are now focused on the upcoming Consumer Price Index (CPI) report, which could spark market volatility.
"The market faces a lose-lose situation," said Julien Lafargue, chief strategist at Barclays Private Bank. "A strong CPI could fuel stagflation concerns, while a weak reading may solidify recession fears."
The euro edged down 0.05% to $1.0913 but remained close to a five-month high of $1.0947. Optimism over a potential Ukraine ceasefire and Germany’s fiscal spending plans have supported the currency, though internal political hurdles persist. Meanwhile, the British pound slipped 0.11% to $1.2933 after a strong rally on Tuesday.
The Japanese yen weakened to 148.01 per dollar, recovering from Tuesday’s five-month high of 146.545. The Canadian dollar also saw turbulence following Trump’s tariff policy reversal on steel and aluminum. Traders now await the Bank of Canada’s rate decision, widely expected to bring a 0.25% cut.
Bitcoin stabilized at $82,821 after rebounding from a four-month low of $76,666.98.
With trade uncertainties and economic concerns mounting, market volatility is set to continue as investors seek clarity on U.S. growth prospects.
