Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
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Traders shifted into safe haven currencies like the yen and Swiss franc while dumping the Australian dollar, as U.S. President Donald Trump unexpectedly intensified tariffs on China. Despite a temporary 90-day pause on tariffs for other nations, markets remained jittery over the deepening U.S.-China trade war.
Risk-sensitive assets initially rebounded after Trump’s surprise announcement to hold off duties, triggering gains in Asian stocks. However, the optimism was dampened as Trump raised the tariff rate on Chinese imports to 125%, while keeping a 10% baseline for others. This move followed his “Liberation Day” declaration, which had sent global markets into a tailspin.
The U.S. dollar weakened, falling 0.7% to 146.68 yen and 0.62% to 0.8522 Swiss franc, while the euro rose 0.32% to $1.0985. The Australian dollar slipped 0.33% to $0.6132, reflecting its sensitivity to Chinese market conditions, after earlier plunging to a five-year low.
The offshore Chinese yuan edged down 0.2% to 7.3545 per U.S. dollar, following a volatile week that saw it hit a record low of 7.4288 before rebounding. Meanwhile, China lodged a new complaint with the WTO, calling U.S. tariffs “reckless” and raising its duties on U.S. goods to 84%.
Analysts warned that the escalating tariff battle risks long-term economic damage. “Trump likely blinked at signs of financial crisis,” said Kyle Rodda of Capital.com. BCA Research added, “Beijing views this as economic warfare,” expecting further yuan depreciation.
With investor confidence shaken, the U.S. dollar’s dominance faces renewed scrutiny, while safe haven flows reflect growing uncertainty over Trump’s trade strategy and its impact on global growth.
