The currency finance sector reacted strongly to the latest CPI data, with the S&P 500 climbing 0.6% and banking stocks outperforming. Forex desks reported higher demand for safe-haven assets like the Swiss franc, hinting at shifts in institutional strategies. Market sentiment remains cautiously optimistic for Q3 earnings growth in financial services. Federal prosecutors raised concerns over Brannon's ability to disconnect from all contacts associated with the church, since she's been involved for more than a decade. "The dollar's reserve currency status has been fraying at the edges for at least a decade," Rogoff says. "And the process is accelerating under Trump." Asian equity markets saw mixed sessions, with Japan's Nikkei rising 0.8% while Shanghai Composite slipped 0.3%. Currency finance flows favored the yen after BOJ comments on yield curve control. Commodity-linked currencies such as AUD also gained as global crude prices edged higher, influencing energy stock valuations.
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