European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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The U.S. dollar is set for its strongest weekly performance in nearly three years, rallying after President Donald Trump announced steep new tariffs on dozens of trade partners. The dollar index climbed to 100.10, surpassing the key 100 mark for the first time since May 29.
The Japanese yen slumped to a four-month low, trading at 150.64 per dollar, following the Bank of Japan’s signal that it is in no rush to resume interest rate hikes. The euro also weakened, hovering near $1.1420, its lowest level since June 10, pressured by what markets view as an unfavorable trade agreement with Washington.
Trade tensions extended to other currencies. The Swiss franc fell 0.26% to 0.8120 per dollar after the U.S. imposed a 39% tariff on Swiss imports, up from the previously suggested 31%. Canada’s dollar dropped to C$1.3872, its weakest since May 22, after being hit with a 35% levy—higher than the earlier threatened 25%.
Despite Trump’s public criticism of Federal Reserve Chair Jerome Powell and repeated calls for aggressive rate cuts, the dollar’s momentum remained intact. Analysts note that tariff-driven volatility is now largely priced in, with further gains possible in the near term.
“The big move of the week has really been the euro getting rerated downwards,” said Mike Houlahan of Electus Financial, adding that the EU-U.S. trade deal presents another headwind for the euro.
With global trade tensions intensifying and monetary policy diverging, the dollar’s resilience underscores its role as a safe-haven currency amid market uncertainty.
