Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Add as a preferred source on Google
US Dollar Stable as Market Awaits US Inflation and Fed Insights
The US dollar opened cautiously on Monday, reflecting market anticipation for upcoming US inflation data and insights from Federal Reserve speakers. Meanwhile, China’s recent stimulus package has left the yuan subdued, impacting the currencies of key trading partners.
China’s Economic Signals Raise Concerns
Data released over the weekend highlighted China’s economic struggles, with consumer price growth at a four-month low and producer price deflation worsening. Retail sales and industrial output reports, expected this Friday, will reveal whether Beijing’s stimulus efforts are affecting domestic demand. Underwhelming results from these measures saw the Australian and New Zealand dollars decline on Friday, as both countries depend heavily on Chinese exports.
Currency Movements and Fed Influence
The dollar hovered near 7.1970 yuan and could soon test the 7.2000 mark. In limited US trading due to a bond market holiday, the dollar rose by 0.1% against the yen, reaching 152.90. The dollar index saw a slight uptick, sitting at 105.00 after a 0.6% gain last week, with the euro stable at $1.0711, facing resistance around $1.0667.
European and US Policy Impact
The euro is under pressure amid Germany’s political uncertainties, as Chancellor Olaf Scholz considers a confidence vote that could lead to early elections. Market attention is also on the US Federal Reserve, with Chair Jerome Powell and other officials scheduled to speak this week. Investors are watching for signals on future rate adjustments as inflation data could influence Fed policy in December.
For further reading, you can check out the following sources:
