Bonds Shaky, Oil Off Highs on Trade, Peace Talks — SkimNews
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- Bonds turned shaky and oil eased off highs as markets weighed fresh developments in trade talks and Middle East peace efforts (per Reuters).
- The U.S. dollar held a two-month high while Asian currencies traded mixed and the yen stayed near recent lows (per Investing.com).
Why it matters: Two simultaneous geopolitical tracks — trade talks and Middle East peace efforts — are driving cross-asset moves at once. The dollar's two-month high and the yen's proximity to lows show Asian FX is absorbing more of the reaction than equity markets, which have only stalled.
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