U.S. Treasury yields rose on Tuesday as fixed-income investors adopted a defensive stance ahead of the release of minutes from the Federal Reserve's June policy meeting, which are expected to reveal a hawkish outlook.
The U.S. dollar fell on Wednesday after minutes from the Federal Reserve's June meeting suggested a more cautious policy outlook than anticipated, overriding earlier gains driven by escalating U.S.-Iran tensions.
Sterling firmed on Thursday, but the U.S. dollar remained broadly supported as rising oil prices, fueled by military strikes in the Middle East, reinforced expectations for a prolonged hawkish stance from the Federal Reserve.
The British pound edged higher, but the main driver in currency markets was a supported U.S. dollar, as rising oil prices following U.S. airstrikes in the Gulf fueled expectations for a prolonged hawkish stance from the Federal Reserve.
Citi analysts project the Japanese yen could fall to ¥163 per dollar if the Topix stock index rallies to 4,500, citing the historical link between equity performance and currency weakness.
U.S. Treasury and German Bund yields held steady on Friday, pausing a sharp, multi-day sell-off driven by fears that escalating U.S.-Iran military clashes could reignite inflation through higher energy prices.
Angola's central bank has added the Chinese yuan to its list of approved currencies for commercial bank reserve requirements, a move that reflects the deepening economic and trade relationship with Beijing.
The leading cryptocurrency staged a partial recovery after a significant quarterly decline, but faces persistent headwinds from institutional outflows and expectations of higher U.S. interest rates.
The decentralized finance project will use the capital, raised from investors including Brevan Howard Digital and Jump Capital, to develop its AI-driven protocols for risk management and liquidity.
