Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Trump Questions USMCA Renewal as Trade Talks Continue 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
German Industry Employment Falls to Lowest Level in a Decade 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Asian currencies weakened sharply on Monday as escalating tensions involving Iran boosted oil prices, pushed global bond yields higher, and strengthened the U.S. dollar. Investors grew increasingly concerned that rising energy costs could reignite inflation and force central banks to maintain elevated interest rates for longer.
The Chinese yuan remained under pressure after disappointing economic data highlighted ongoing weakness in China’s recovery. The USD/CNY pair climbed 0.1%, hovering near its weakest level in more than two years. China’s April industrial production missed market expectations, while retail sales growth slowed to its weakest pace in over three years. Fixed asset investment also unexpectedly contracted, signaling weaker business and government spending activity.
Analysts said sluggish domestic demand continues to weigh heavily on the Chinese economy, while geopolitical risks linked to the Iran conflict could create additional challenges for trade and manufacturing across Asia. Although China and the United States recently agreed to reduce certain tariffs and trade barriers following high-level talks, investors remained cautious due to the lack of detailed policy guidance.
Broader Asian foreign exchange markets also struggled as higher oil prices and rising Treasury yields boosted demand for the U.S. dollar. The dollar index edged higher during Asian trading, reflecting expectations that global interest rates may stay elevated.
The Japanese yen weakened slightly, with USD/JPY rising 0.1% even as Japan’s 10-year government bond yields hit a 29-year high. Markets are increasingly betting that the Bank of Japan could raise interest rates in June, though the move may offer limited support to the yen.
Elsewhere, the Australian dollar fell 0.3%, while the South Korean won recorded one of the region’s biggest losses. The Indian rupee stayed near record lows as surging crude oil prices continued to pressure the import-dependent economy.
