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Leading macro strategist, Craig Shapiro, is warning that President Donald Trump’s proposal to lean more in favor of short-term Treasury bills could have major ramifications for the U.S. Dollar. What Happened: On Sunday, in a post on X, Shapiro warned against Trump’s intention to avoid issuing 10-year treasury notes that currently trade at high interest rates, opting instead for shorter-term Treasury bills with substantially lower interest rates. The post is referring to Trump’s interview with Fo

SINGAPORE (Reuters) -Asian stocks slipped on Wednesday and the dollar languished near 3-1/2-year lows as investors weighed the prospect of U.S. interest rate cuts and the scramble for trade deals ahead of President Donald Trump's July 9 deadline for tariffs. Trump said he was not considering extending the July 9 deadline for countries to negotiate trade deals with the United States, and cast doubts again that an agreement could be reached with Japan, although he expects a deal with India. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.23% in early trading, inching away from the November 2021 top it touched last week.

SINGAPORE (Reuters) -Oil futures were little changed on Wednesday as markets weighed expectations from more supply from major producers next month, a softer U.S. dollar and a mixed bag of economic and market indicators from the U.S., the world's largest oil consumer. Also weighing on prices, sources said American Petroleum Institute data late on Tuesday showed U.S. crude oil inventories rose by 680,000 barrels in the past week at a time when stockpiles typically draw amid the summer demand season. "Today's oil price moves are being pushed by the interplay of potentially rising OPEC+ supply, confusing U.S. inventory signals, uncertain geopolitical outlook, and macro-policy ambiguity," said Phillip Nova senior market analyst Priyanka Sachdeva.

TOKYO (Reuters) -The U.S. dollar hunkered near the lowest since February 2022 against major peers on Wednesday, as traders considered dovish hints from Federal Reserve Chair Jerome Powell, along with the potential impact of President Donald Trump's spending bill. The greenback was pinned near its weakest since September 2021 on the euro, and was at its lowest since January 2015 versus the Swiss franc. Powell reiterated on Tuesday at the European Central Bank's annual conference in Sintra, Portugal that the Fed is taking a patient approach to further interest rate cuts, but didn't rule out a reduction at this month's meeting, saying everything depends on incoming data.

(Bloomberg) -- Gold held an advance, with investors weighing concerns about the US fiscal position after the Senate passed President Donald Trump’s multitrillion-dollar tax bill.Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental LawBullion held near $3,340 an ounce, after rallying 2% over the previous two sessions. The latest version of the the president’s signature legislation — which i

With Strategy stock tightly tethered to Bitcoin’s wild surge, should investors buy, sell, or hold MSTR this month?

Expect US Dollar to stabilize: Rockefeller Global CIO

The dollar faces its worst first-half since the 1970s as looming Fed cuts and political uncertainty weigh heavily.

Balaji warns of U.S. 'national bankruptcy' as Musk slams Trump bill, Bitcoin traders brace for impact.

President Donald Trump's U.S. fiscal bill took a key step forward on Tuesday, carrying with it possible risks and rewards for investors. The legislation, narrowly passed by the U.S. Senate, would extend Trump's 2017 personal and business tax cuts, otherwise due to expire at the end of this year, and give new tax breaks in areas such as tipped income and overtime.

(Bloomberg) -- The euro notched its longest winning streak against the dollar in more than two decades — and options traders are betting the rally isn’t over yet.Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental LawThe greenback’s recovery earlier in the day pressured the common currency, leading it to curb its advance after it touched the highest level since September 2021 earlier in t

(Bloomberg) -- President Donald Trump said he is not considering delaying his July 9 deadline for higher tariffs to resume and renewed his threat to cut off talks and impose duty rates on several nations, including Japan. Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental Law“No, I’m not thinking about the pause,” Trump said Tuesday when asked whether he would extend the negotiating peri

Investors in the U.S. continued the recent trend of shifting their portfolios to favor European stocks, as the dollar weakens and the euro rises.

NEW YORK (Reuters) -Overseas asset managers and pensions are adding protection against a weakening dollar, concerned about the U.S. currency's diminishing ability to diversify their U.S. equity portfolios. Because such stock funds carry built-in dollar exposure, investors with other home currencies that had not neutralized the foreign exchange risk were cushioned when the dollar was strong if Wall Street performed badly. But the dollar's correlation with other U.S. assets, and the impact of its fall on portfolio performance, came into sharper focus when the Trump administration announced far-reaching global tariffs on April 2, sending U.S. stock indexes and the greenback sharply lower.

Investing.com -- The dollar’s bruising slide to two-year lows this week has some betting on a rebound, but Morgan Stanley warns the bears aren’t ready to loosen their grip just yet. With widely expected U.S. rate cuts later this year and the greenback’s safe-haven status under fresh scrutiny, the bank says more pain could be in store for the dollar.

The dollar index (DXY00 ) on Tuesday fell by -0.13%. The dollar on Tuesday added to Monday's losses and posted a 3-1/3 year low. The dollar remains under pressure due to uncertainties over US trade policies, with many nations trying to negotiate trade deals with the US before President Trump's...

A slumping U.S. dollar and falling Treasury yields are both bullish for raw commodities.

August WTI crude oil (CLQ25 ) Tuesday closed up +0.34 (+0.52%), and August RBOB gasoline (RBQ25 ) closed up +2.82 (+1.36%). Crude oil and gasoline prices settled higher Tuesday after the dollar index (DXY00 ) fell to a 3 1/3-year low. Also, concerns that Middle East tensions could flare up...

The dollar strengthened a little as lawmakers advanced Trump’s tax-and-spending bill amid benign U.S. activity and labor indicators.

PRECIOUS METALS 1433 ET – Gold rises again, making for four higher finishes in the past five sessions. Gold pared some earlier gains after President Trump’s megabill was passed in the Senate, with the focus now shifting to the House.