US Comfortable With Canada Trade Standoff as Import Bans Loom 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Add as a preferred source on Google
The U.S. dollar weakened on Tuesday as sharp gains in the Taiwan dollar triggered strength across Asian currencies, raising doubts about the greenback’s resilience. The Taiwan dollar soared 8% over two days, touching a three-year high of 29.59 per dollar after U.S.-Taiwan trade talks in Washington, before stabilizing at 30.02. Markets speculated that the appreciation was unofficially sanctioned, though Taiwan’s central bank denied any deal.
The Hong Kong Monetary Authority intervened by buying $7.8 billion to defend its currency peg to the U.S. dollar, highlighting broader currency tensions in the region. Meanwhile, investors awaited concrete progress in U.S.-China trade relations beyond diplomatic signals.
The ripple effects lifted other currencies. Australia’s dollar hovered near a five-month high at $0.6449, and China’s yuan climbed to 7.23 per dollar—its strongest since March 20. The Japanese yen, although slightly weaker at 143.99, had jumped 0.9% overnight.
These developments reflect growing unease about the U.S. dollar’s status as a safe haven amid President Trump’s unpredictable tariff policies. “Yields may have normalized, but the dollar remains under pressure,” said CBA’s Carol Kong, pointing to lingering market skepticism.
The dollar index rose 0.2% to 100.04 but remains down 4.3% for the month—its steepest drop in over two years. The Federal Reserve is expected to keep interest rates unchanged in Wednesday’s decision, though future policy paths appear uncertain.
Elsewhere, the euro slipped 0.25% to $1.1287, sterling fell to $1.3265, and New Zealand’s dollar declined 0.3% to $0.5949. With the Bank of England expected to cut rates Thursday and global growth outlook dimmed by tariffs, currency markets remain on edge.
