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Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Yields on U.S. government bonds rose on Tuesday as investors anticipated a potentially hawkish tone in the upcoming release of the Federal Reserve's June meeting minutes. The move reflects broader selling pressure in fixed-income markets, with European bond yields also increasing.
The U.S. dollar gained on Tuesday as investors sought safe-haven assets following reports of attacks on oil tankers in the Gulf. The incidents have led to increased geopolitical tensions and a U.S. response against Iran.
According to a report from Citi, the Japanese yen's recent weakness is closely tied to the strong performance of the country's equity markets. Investors are reportedly selling the yen to hedge their gains in Japanese stocks, putting downward pressure on the currency.
The U.S. dollar experienced its most significant single-day drop since late April after a government report showed job growth in June was much weaker than anticipated. The data has led traders to scale back expectations for an imminent interest rate hike by the Federal Reserve.
U.S. and European government bond yields climbed after hawkish remarks from central bankers dampened expectations for near-term rate cuts. Markets are now awaiting the U.S. non-farm payrolls report for further economic signals.
The Canadian dollar reached its highest level against the U.S. dollar in 10 days, bolstered by a cooling U.S. labor market and signs of continued expansion in Canada's manufacturing sector.
The U.S. dollar has fallen from a recent 13-month peak following a softer-than-expected employment report, which has tempered expectations for further Federal Reserve interest rate hikes. The euro is poised for weekly gains as a result of the dollar's retreat.
The South African rand strengthened on Thursday, gaining against a weaker U.S. dollar. The dollar's decline followed the release of U.S. employment figures that fell short of economists' expectations.
The U.S. dollar rose for a fourth straight session on Wednesday, gaining strength as a safe-haven asset after President Donald Trump's comments signaled a potential collapse of a peace framework with Iran. The currency was also supported by investor anticipation ahead of the Federal Reserve's latest meeting minutes.
