Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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The U.S. dollar remained near its lowest level in three years on Tuesday, pressured by President Donald Trump’s escalating attacks on Federal Reserve Chair Jerome Powell, which have deepened investor concerns over U.S. monetary policy and economic stability.
Trump lashed out on Truth Social, labeling Powell a “major loser” and demanding immediate interest rate cuts to avoid an economic slowdown. His criticism followed White House economic adviser Kevin Hassett’s statement that the administration is reviewing whether Powell can be removed—intensifying fears about the Fed’s independence.
The dollar index, which tracks the greenback against six major currencies, slipped to 98.454 after touching 97.923—its weakest since March 2022. The dollar dipped to 0.8095 Swiss franc, nearing the previous session’s decade-low of 0.8042, and held at 140.99 yen, just above Monday’s seven-month low of 140.48. The euro stood firm at $1.1502 after hitting $1.1573, its highest since November 2021.
Concerns about Trump undermining central bank credibility, combined with prolonged U.S.-China trade tensions, have further dampened sentiment. China recently accused Washington of tariff abuse and warned other nations against aligning economically with the U.S. at their expense.
Analysts warn that continued uncertainty around U.S. monetary policy could prompt further dollar weakness. “The longer doubts about Fed independence persist, the greater the risk to the dollar,” said Commonwealth Bank’s Joseph Capurso, adding that a sharp correction in U.S. bonds or equities might be needed to shift Trump’s tone.
The risk-sensitive Australian dollar also gained ground, climbing to a four-month high of $0.6436 on Monday and hovering at $0.6414 in recent trading. Investors remain on edge as political pressure on the Fed and trade disputes continue to cloud the U.S. economic outlook.
