Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
ECB May Stop Rate Hikes After December, Capital Economics Says 
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The Japanese yen and U.S. dollar gained on Wednesday as investors flocked to safe-haven assets following a steep tech-driven selloff on Wall Street that rippled across Asian markets. The Australian and New Zealand dollars weakened further, reflecting growing risk aversion and regional economic pressures.
The risk-sensitive Aussie slipped 0.2% to $0.6476, while the New Zealand dollar fell 0.1% to $0.5635, hovering near a seven-month low after unemployment rose to its highest level since 2016. The kiwi also languished at a 12-year low against the Aussie at NZ$1.1512. Sterling traded near a seven-month low at $1.3016 after British Finance Minister Rachel Reeves hinted at broad tax increases in her upcoming budget, intensifying pressure on the pound.
“Risk-off sentiment has been pervasive across markets,” said Ray Attrill, Head of FX Research at NAB, noting that the U.S. dollar strengthened against most major currencies except the yen. He added that investors are also responding to signals of fiscal tightening in the U.K.
Asian stock markets mirrored Wall Street’s losses, with Japan’s Nikkei down 2.4% and South Korea’s KOSPI plunging 4.8%. The U.S. dollar index held steady at 100.18 after reaching its highest level since August 1. Market sentiment was also dampened by a prolonged U.S. government shutdown that has disrupted key economic data releases, placing greater focus on the upcoming ADP payroll report.
The yen rose 0.2% to 153.42 per dollar, extending Tuesday’s 0.7% gain, while the euro steadied at $1.1483. Analysts noted that the Reserve Bank of Australia’s decision to hold rates steady signaled a cautious stance, keeping the Aussie under pressure.
Meanwhile, Bitcoin traded flat near $100,317 after plunging 6.1% on Tuesday, its sharpest one-day drop since June, reflecting broader investor unease across global markets.
