- The dollar strengthened as investors increased bets on a U.S. rate hike in September.
- The yen fell past 160 per dollar again, while comments from Bessent added to pressure on the BOJ to hike rates.
- Renewed Gulf attacks pushed bond yields and oil prices higher, keeping market sentiment fragile.
Quotes
“the dollar strengthened on Tuesday as renewed Gulf attacks sparked a global bond selloff and stoked inflation worries, while the yen slid past 160 per dollar again”