Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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The U.S. dollar continued to decline on Monday, trading near multi-year lows against major currencies as markets braced for potential trade disruptions tied to President Donald Trump’s looming tariff deadline. The greenback hovered near its weakest level since 2021 versus the euro and its lowest since 2015 against the Swiss franc.
Traders remain on edge ahead of Wednesday’s conclusion of Trump’s 90-day tariff moratorium, dubbed “Liberation Day.” Most U.S. trade partners are expected to face sharply higher tariffs unless new agreements are reached. So far, only the UK, China, and Vietnam have secured deals with the White House.
Trump announced Friday that he would reveal a list of countries receiving letters with updated tariffs, signaling that new duties will take effect for many nations starting August 1. U.S. Treasury Secretary Scott Bessent confirmed that several major announcements are expected in the coming days.
Despite the uncertainty, some analysts anticipate a more measured market reaction this time. “Market volatility appears inevitable when the pause officially ends and new tariff levels are announced,” said James Kniveton, senior FX dealer at Convera. However, he noted that “current proposals are largely anticipated,” and markets may be pricing in further extensions.
In Monday’s early Asian trading, the dollar slipped 0.1% to 0.7939 Swiss franc, approaching the July 1 low of 0.7869 — a level not seen since January 2015. It also dipped 0.1% to 144.49 yen. The euro edged down 0.1% to $1.1780, staying close to the July 1 peak of $1.1829, last reached in September 2021. Meanwhile, the U.S. dollar index remained flat at 96.967, just above last week’s 3-1/2-year low of 96.373.
