The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the second consecutive day on Tuesday, hitting session highs above 159.00 at the time of writing, as fresh US attacks on Iran put the peace process into question.
USD/CAD inches higher after registering minor losses in the previous day, trading around 1.3810 during the Asian hours on Tuesday. The commodity-linked Canadian Dollar (CAD) is struggling against the US Dollar (USD), as rising risk aversion offsets any gains from higher crude oil prices.
HSBC Asset Management discusses how rising global bond yields, including higher US 10-year Treasuries, are affecting global equities. The report argues that current yield moves are still consistent with an environment stocks can tolerate, as real yields remain low and profit growth is strong.