Overview

• The U.S. dollar showed mixed performance, stabilizing against some currencies but weakening against others as uncertainty over trade agreements lingered.
• South Korea's won steadied after sharp fluctuations, following discussions between South Korean and U.S. officials on exchange rate policies.
• U.S. Treasury yields climbed to one-month highs, driven partly by concerns over the long-term impact of President Trump's budget proposals on U.S. debt levels.
• Oil prices dropped nearly 2% on optimism surrounding a potential Iran nuclear deal, which could ease sanctions and increase supply.
• Investors are focused on upcoming U.S. retail sales data and Walmart earnings to gauge consumer sentiment and economic resilience.