Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Trump, Xi Focus on Trade and AI at White House Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Add as a preferred source on Google
Investors fled risk assets on Monday, seeking refuge in safe havens like the yen and Swiss franc as U.S. President Donald Trump’s sweeping tariffs intensified market fears of a global recession. The yen rose sharply, with the dollar down 0.45% at 146.21, recovering from earlier losses of over 1%. The Swiss franc surged more than 0.6% to 0.8548 per dollar, extending its recent strong performance.
Meanwhile, the Australian dollar, highly sensitive to risk sentiment, dropped to a five-year low before slightly rebounding to $0.6005, down 0.66%. The New Zealand dollar also dipped 0.38% to $0.5575. Analysts said the selloff in USD/JPY reflects growing concerns over a U.S. recession and plunging U.S. bond yields.
Trump’s new tariffs wiped out nearly $6 trillion in U.S. stock value last week. While he downplayed the fallout, calling it “medicine” for the economy, global markets reacted with panic. China responded with 34% tariffs on all U.S. goods, calling the market reaction a clear signal.
U.S. interest rate expectations have shifted dramatically. Futures now price in a 55% chance of a Fed rate cut in May and over 100 basis points of easing by year-end. Despite the dollar’s usual safe haven status, it weakened as investors seek diversification amid U.S. growth concerns.
The dollar index was steady at 102.81 after a 1% drop last week. The euro ticked up 0.03% to $1.0967, while sterling slipped 0.11% to $1.2892. China’s onshore yuan fell to a two-month low at 7.3145, with the offshore yuan weakening to 7.3193, following a soft midpoint fix by the PBOC.
Gold and government bonds also climbed on safety bids, highlighting market anxiety.
