100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
German Industry Employment Falls to Lowest Level in a Decade 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Most Asian currencies fell on Monday as the U.S. dollar strengthened in the wake of American strikes on three Iranian nuclear facilities, stoking demand for safe-haven assets. The dollar index added roughly 0.3% in early Asian trade, extending last week’s rise after several Federal Reserve officials signaled interest rates may stay higher for longer. Investors now look to Fed Chair Jerome Powell’s testimony before Congress on Tuesday and Wednesday for policy clues.
Safe-haven flows favored the greenback even as traditional refuges such as gold and the Japanese yen weakened. Tehran’s reported threat to block the Strait of Hormuz—a choke-point for nearly a fifth of global crude shipments—fueled a jump in oil prices and heightened inflation worries across energy-dependent Asia.
The Chinese yuan slipped, with the onshore USDCNY pair up 0.1%, while the Singapore dollar’s USDSGD pair advanced 0.2%. South Korea’s won led regional losses, the USDKRW pair climbing 0.7%. India’s rupee also softened, nudging USDINR 0.2% higher.
Positive economic data offered little support. Australia’s AUDUSD fell 0.7% despite June PMIs showing resilient manufacturing and services growth. Japan’s yen lost 0.5% even after surveys revealed the first factory-sector expansion in 11 months and faster service-sector growth.
With geopolitical tensions elevated and U.S. monetary policy still restrictive, traders remain cautious. Any escalation in the Middle East or unexpectedly hawkish remarks from Powell could keep currency volatility high in the days ahead.
