Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
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 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
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The euro soared to a five-month high, reaching $1.0947 in New York before stabilizing at $1.0913 in Asia, following Ukraine’s agreement to a month-long ceasefire proposal. European equity futures climbed, with FTSE futures up 0.3%, while Russia’s rouble hit a seven-month high.
Market volatility persisted as U.S. tariff uncertainty fueled concerns over economic slowdown. Wall Street’s S&P 500 slipped 0.8%, nearing a 10% decline from February’s peak, as President Donald Trump threatened then retracted a tariff hike on Canadian steel and aluminium. Investors fear the back-and-forth on trade policies will disrupt economic growth.
Asia-Pacific shares rose 0.2%, with China and Hong Kong markets steady, while Japan’s Nikkei held firm after hitting a six-month low. Meanwhile, travel stocks tumbled after Delta Air Lines halved its profit forecast, with United and American Airlines warning of deteriorating demand. Retailers also struggled—Kohl’s Corp plunged 24%, and Dick’s Sporting Goods fell 5.7% on weak sales reports.
The Canadian dollar hit a one-week low before recovering to C$1.443, ahead of a key central bank meeting where a seventh consecutive rate cut is in focus. The U.S. dollar weakened, Treasuries rallied, and the yen dipped from a five-month high, trading around 148 per dollar. The Australian dollar remained under pressure at 63 U.S. cents, while Brent crude hovered near $70 a barrel.
Investors await U.S. inflation data for February, though its impact from tariffs may be minimal. As uncertainty lingers over global markets, traders closely watch economic indicators and policy shifts that could dictate the next market moves.
