US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
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The U.S. dollar slipped slightly on Tuesday but remained on track for its biggest monthly gain since July 2025, driven by its safe-haven appeal during the ongoing U.S.-Israel war on Iran. The conflict, now stretching beyond a month, has sent oil prices sharply higher, raising global inflation concerns and threatening economic growth worldwide.
The U.S. Dollar Index fell 0.6% to 99.96 by late afternoon trading, yet the greenback was still positioned for a 2.4% advance in March. The pullback came as investors shifted toward riskier equities following reports that President Trump was open to ending military operations against Iran, even if the critical Strait of Hormuz remained closed. Iran's leadership also signaled willingness to negotiate a ceasefire given appropriate security guarantees.
Soaring oil prices, triggered by the Strait of Hormuz closure and resulting supply disruptions, have forced investors to rethink interest rate cut expectations globally. Higher-for-longer rate scenarios typically support a stronger dollar, which has also benefited from the United States' position as a net energy exporter. Federal Reserve Chair Jerome Powell acknowledged near-term inflation pressures but suggested the central bank would look beyond the oil supply shock, comments analysts characterized as relatively dovish compared to other global central banks. Several institutions, including those in Australia, Japan, the Eurozone, and the United Kingdom, are expected to raise benchmark rates amid the energy-driven inflation surge.
On the economic data front, U.S. consumer confidence edged up to 91.8 in March, topping forecasts, though inflation expectations among respondents hit their highest level since August 2025. The latest JOLTS report revealed 6.88 million job openings in February, slightly below estimates, with the hiring rate falling to its lowest point since April 2020. Meanwhile, Eurozone annual inflation climbed to an estimated 2.5% in March, up from 1.9% in February, with energy costs surging nearly 5%.
