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Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
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Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
The U.S. dollar weakened on Tuesday as sharp gains in the Taiwan dollar triggered strength across Asian currencies, raising doubts about the greenback’s resilience. The Taiwan dollar soared 8% over two days, touching a three-year high of 29.59 per dollar after U.S.-Taiwan trade talks in Washington, before stabilizing at 30.02. Markets speculated that the appreciation was unofficially sanctioned, though Taiwan’s central bank denied any deal.
The Hong Kong Monetary Authority intervened by buying $7.8 billion to defend its currency peg to the U.S. dollar, highlighting broader currency tensions in the region. Meanwhile, investors awaited concrete progress in U.S.-China trade relations beyond diplomatic signals.
The ripple effects lifted other currencies. Australia’s dollar hovered near a five-month high at $0.6449, and China’s yuan climbed to 7.23 per dollar—its strongest since March 20. The Japanese yen, although slightly weaker at 143.99, had jumped 0.9% overnight.
These developments reflect growing unease about the U.S. dollar’s status as a safe haven amid President Trump’s unpredictable tariff policies. “Yields may have normalized, but the dollar remains under pressure,” said CBA’s Carol Kong, pointing to lingering market skepticism.
The dollar index rose 0.2% to 100.04 but remains down 4.3% for the month—its steepest drop in over two years. The Federal Reserve is expected to keep interest rates unchanged in Wednesday’s decision, though future policy paths appear uncertain.
Elsewhere, the euro slipped 0.25% to $1.1287, sterling fell to $1.3265, and New Zealand’s dollar declined 0.3% to $0.5949. With the Bank of England expected to cut rates Thursday and global growth outlook dimmed by tariffs, currency markets remain on edge.
