European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Gold Prices Rise as Yen Rally Weakens Dollar 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
China to Inject $45 Billion Into State Financial Institutions 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
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The U.S. dollar found some support on Monday but remained near a three-year low after a volatile week driven by President Donald Trump’s shifting tariff policies. Markets remain on edge as Trump’s abrupt imposition and partial postponement of tariffs continue to create confusion and weigh on investor sentiment.
Despite a brief reprieve—after the White House excluded smartphones, computers, and other Chinese electronics from steep tariffs—Trump warned the move would be short-lived, deepening market uncertainty. “It’s been handled haphazardly and heavy-handedly,” said IG analyst Tony Sycamore, emphasizing persistent market volatility.
The dollar rose 0.34% against the Swiss franc after hitting a decade-low last week, while the euro eased 0.13% to $1.1344 following a 3.6% surge that pushed it to a three-year high. Analysts forecast the euro could reach $1.20 by late July as investors continue moving funds out of U.S. assets.
Concerns about the dollar’s role as the world’s reserve currency are accelerating de-dollarisation trends. Deutsche Bank’s George Saravelos pointed to a combined collapse in the U.S. currency and bond market, noting the steep sell-off in Treasuries and the rapid unwinding of basis trades by hedge funds as key pressures on the dollar.
The dollar index hovered near 99.73, close to Friday’s low. U.S. 10-year Treasury yields remained elevated at 4.47%, marking the largest weekly rise in decades. Saravelos warned that the global financial system is recalibrating, and the dollar's dominance is under serious reassessment.
Elsewhere, the yen dipped 0.2% to 143.79, the British pound fell 0.33% to $1.3084, and the Aussie dollar extended last week’s gains, up 0.15% to $0.63035. The New Zealand dollar rose 0.33%, while the offshore yuan weakened 0.17% to 7.2941 ahead of onshore trading.
