U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
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Oil prices climbed on Friday as markets reacted to potential tariffs by U.S. President Donald Trump on Mexico and Canada, the top crude suppliers to the U.S.
Brent crude futures for March, expiring Friday, rose 38 cents to $77.25 a barrel at 0110 GMT, while the more-active April contract increased 34 cents to $76.23. U.S. West Texas Intermediate (WTI) crude gained 49 cents to $73.22.
Despite Friday’s gains, Brent is set for a 1.6% weekly decline, while WTI has dropped 2%. However, for January, Brent is on track to gain 3.6%, marking its strongest month since June, while WTI is up 2%.
Trump has threatened a 25% tariff on Canadian and Mexican exports if they do not curb fentanyl shipments into the U.S., with a decision expected soon on whether crude oil imports will be affected.
Canada exported 3.9 million barrels per day (bpd) of crude to the U.S. in 2023, out of 6.5 million bpd of total U.S. imports, while Mexico supplied 733,000 bpd, according to the Energy Information Administration.
Oil prices remain volatile as geopolitical risks rise. "Crude prices fluctuated as investors weigh U.S. tariffs alongside new policy moves," said ANZ Bank analyst Daniel Hynes.
Additional factors keeping prices elevated include sanctions on Russia, restricted Venezuelan oil purchases, and pressure on Iran. "Geopolitical risks will drive oil prices higher, potentially compounded by the U.S. refilling its strategic petroleum reserve," Hynes added.
As uncertainty lingers over trade policies and global supply chains, crude markets remain on edge, with traders closely monitoring developments in Washington.
