Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Trump to Ease U.S. Fuel-Economy Standards 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
China Agrees to Buy 20 Million Tons of U.S. Coal 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
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Yen Struggles as Japan Faces Political Shift
The Japanese yen hovered near a three-month low on Tuesday following a loss of parliamentary majority for Japan's ruling coalition in recent elections. This shift has created political uncertainty, with potential implications for Japan’s fiscal and monetary policies. The yen rose slightly to 153.12 per dollar but remained weak, pressured by uncertainty surrounding the Liberal Democratic Party and the Komeito coalition's inability to secure a majority.
Carol Kong, a currency strategist at the Commonwealth Bank of Australia, noted, “Risks lean toward looser fiscal policy under the new government.” With strong U.S. economic indicators and heightened market volatility, the Bank of Japan (BOJ) may delay rate adjustments, potentially weakening the yen further.
Dollar Stands Firm Awaiting Key U.S. Economic Data
The dollar softened marginally yet remained close to recent highs, bolstered by strong U.S. economic data and investor speculation regarding a potential Trump election victory. The dollar index remained stable at 104.28, aiming for its strongest monthly performance in over two years.
This week’s anticipated U.S. economic releases include the core personal consumption expenditures price index on Thursday and nonfarm payroll data on Friday. “These figures could impact the dollar if they deviate from expectations,” remarked Ray Attrill, head of FX strategy at National Australia Bank.
Global Currency Movements
Meanwhile, the euro and sterling made slight gains, trading at $1.0816 and $1.2976, respectively, while the Australian dollar fell to its lowest in over two months.
