Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
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 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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The U.S. dollar hovered near a three-month low on Wednesday as escalating trade tensions weighed on investor sentiment. U.S. tariffs on Mexico, Canada, and China took effect, prompting retaliatory measures. The euro surged to a near four-month peak at $1.0637 after Germany announced a 500-billion-euro infrastructure fund. Sterling also held firm near a three-month high at $1.2786.
China’s yuan remained steady in offshore trading following a 0.7% rally, as Beijing reaffirmed its 5% economic growth target at the National People’s Congress. Meanwhile, crude oil hit a six-month low, with U.S. West Texas Intermediate (WTI) falling 0.6% to $67.83. Bitcoin stabilized at around $87,000 after a volatile week.
Asian markets saw mixed movements. Australia’s ASX 200 dropped 0.9%, while Japan’s Nikkei slipped 0.2% after early gains. Hong Kong’s Hang Seng futures pointed to a 0.6% rise. In the U.S., the S&P 500 fell 1.2% overnight, but futures rebounded 0.6%. MSCI’s world equity index inched up 0.1% but was still down 1.9% for the week.
“The uncertainty is keeping investors cautious,” said Kyle Rodda, senior financial markets analyst at Capital.com. “American businesses and consumers are likely feeling the same.”
The U.S. dollar index was steady at 105.60, recovering from a 1.9% two-day slump that pushed it to 105.49, its lowest since December 6. China’s offshore yuan slipped 0.1% to 7.2604 per dollar.
Germany’s proposed infrastructure fund and eased borrowing rules signal economic shifts, while global markets remain on edge amid ongoing trade conflicts.
