Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Trump Questions USMCA Renewal as Trade Talks Continue 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
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 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Asian currencies traded mostly flat on Thursday after suffering sharp losses in the previous session, as the U.S. dollar held firm on expectations of a cautious Federal Reserve policy path. The U.S. Dollar Index, which tracks the greenback against a basket of major currencies, eased 0.1% after jumping 0.6% to a two-week high overnight. Dollar Index Futures also slipped 0.1% as of 04:30 GMT.
The strength of the dollar comes after remarks from Federal Reserve Chair Jerome Powell, who warned earlier this week that the central bank must remain “measured” when easing monetary policy. Other Fed officials also highlighted the risks of moving too quickly on rate cuts, dampening expectations for aggressive reductions despite last week’s first rate cut since December. Investors now await further speeches from policymakers for additional signals.
Market focus has shifted to key U.S. economic releases that could influence the Fed’s outlook. Weekly jobless claims, due later Thursday, will be closely watched given recent signs of a cooling labor market. An advance reading of second-quarter GDP is also scheduled, while Friday’s release of the Fed’s preferred inflation gauge—the personal consumption expenditures (PCE) price index—remains the main event for traders.
In Asia, currency markets reflected mixed moves. The Japanese yen weakened slightly, with USD/JPY down 0.2% after gaining nearly 1% overnight. Bank of Japan meeting minutes revealed divisions among policymakers, with some advocating for potential rate hikes in the future. The South Korean won slipped 0.3% after climbing 0.7% previously, while the Singapore dollar traded flat. The Indian rupee edged 0.2% lower.
China’s yuan also ticked 0.1% lower in both onshore (USD/CNY) and offshore (USD/CNH) markets. Meanwhile, the Australian dollar stood out, rising 0.3% against the greenback.
Global investors remain cautious, balancing Fed signals with upcoming U.S. data and Asian central bank cues, as volatility persists in currency markets.
