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South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
The Japanese yen and Swiss franc held near six-month highs on Tuesday, reflecting investor anxiety as recession fears grow in the wake of President Donald Trump’s aggressive tariffs. Financial markets remain jittery, with the U.S. dollar extending losses amid global trade tensions and the threat of a downturn.
After a volatile 24-hour period, the forex market calmed slightly in early Asian trading. The dollar saw modest gains against the yen and franc, but both safe-haven currencies stayed strong. The yen traded at 147.61 per dollar, close to Friday’s peak of 144.82, while the Swiss franc hovered at 0.858 per dollar—both near six-month highs.
Traditionally a safe-haven asset itself, the dollar is under pressure as concerns mount over the U.S. economy. Trump’s tariffs sparked a global trade war, with retaliatory moves from China and the EU triggering further uncertainty.
The euro gained 0.38% to $1.0944, and the British pound rose 0.3% to $1.2765, rebounding from recent lows. Meanwhile, the dollar index slipped 0.3% on Tuesday and has dropped 1% since the tariffs were announced.
Investors are increasingly betting on potential Federal Reserve rate cuts as early as May, expecting more monetary easing throughout the year. However, Fed officials remain cautious, pointing to persistent inflation. Chicago Fed President Austan Goolsbee emphasized the need for concrete data before any policy moves.
Risk-sensitive currencies like the Australian and New Zealand dollars weakened, with the Aussie holding at $0.59845—near a five-year low—and the kiwi down 0.2% at $0.5539.
Market volatility remains high, driven largely by the Trump administration’s trade policies. Analysts believe reversing those policies could quickly restore stability to global markets.
