Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
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Oil prices slipped slightly in Asian trading on Wednesday, despite optimism that the U.S. government was close to ending its record-breaking 42-day shutdown. The temporary support from the potential reopening was outweighed by lingering fears of an oil supply glut and a strong U.S. dollar that continued to pressure the market.
Brent crude futures for January edged down 0.2% to $65.04 per barrel, while West Texas Intermediate (WTI) crude also fell 0.2% to $60.85 per barrel by 20:21 ET (01:21 GMT). The modest losses came as traders weighed the impact of political and economic developments in the world’s largest oil consumer.
The U.S. Senate approved a bill on Tuesday to reopen the government, with the House of Representatives expected to vote in favor on Wednesday. Once signed into law by President Donald Trump, the measure will officially end the longest shutdown in U.S. history. The prospect of restored federal operations provided some support to crude markets, as the shutdown had caused widespread disruptions across several sectors, including travel and energy logistics.
Airports across the U.S. faced significant challenges due to staffing shortages in air traffic control and safety departments, resulting in thousands of flight cancellations. These disruptions dampened fuel demand, compounding pressure on oil prices even as traders looked for positive signals from Washington.
Meanwhile, concerns over global supply continued to weigh heavily on sentiment. Reports indicated that Russia’s Lukoil declared force majeure at an Iraqi oilfield, a move linked to the tightening U.S. sanctions on Moscow’s energy sector. The development highlighted growing geopolitical risks in global oil markets, but the potential for oversupply—driven by steady output from major producers—remained the dominant theme restraining price recovery.
Overall, traders remain cautious as oil markets balance geopolitical tensions, U.S. policy shifts, and persistent fears of excess supply that could cap price gains in the near term.
