Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Trump, Xi Focus on Trade and AI at White House Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
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The euro and U.S. dollar strengthened on Monday, buoyed by risk-on sentiment after President Donald Trump postponed a proposed 50% tariff on European Union goods. Trump set a new deadline of July 9 following a call with European Commission President Ursula von der Leyen, giving negotiators more time to finalize a trade deal.
The move eased investor concerns over a potential global economic slowdown, with the euro rising 0.3% to 162.60 yen and gaining 0.2% against the U.S. dollar to $1.1382, its highest since April 30. Meanwhile, the dollar bounced back 0.4% to 143.085 yen after a sharp 1% drop on Friday.
The Australian dollar edged up to $0.6505, its highest since May 7, while the British pound held steady at $1.3535, just shy of Friday’s peak.
Analysts say the market expects a more moderate tariff outcome despite Trump’s recent threats. “Markets have probably taken the view — and rightly so — that the final tariff level won’t hit 50%, but the path there remains uncertain,” said Ray Attrill, head of FX research at National Australia Bank.
Still, risks linger. Trump’s 25% tariff threat on iPhones manufactured outside the U.S. remains in play, continuing to unsettle investors. Additionally, concerns over fiscal policy resurfaced after Trump admitted his major tax-and-spending bill may undergo “significant” revisions in the Senate. The House version is projected to increase federal debt by $3.8 trillion over the next decade, according to the Congressional Budget Office.
The rapid policy shifts highlight the volatility of U.S. trade strategy, but the recent tariff delay offered short-term relief to markets and boosted pro-growth currencies.
