EUR/USD slid to a two-week low, down 0.2% at 1.1566, as options traders increased hedges against further euro weakness. Rising oil and gas prices and higher US Treasury yields are amplifying pressure; options positioning indicators are at their lowes

Domestic News: 1. Li Qiang meets with a delegation from the US-China Business Council Board of Directors. 2. Three departments release the "Guidelines on Overseas Competition and Compliance Construction in the Automotive Industry." 3. The Pallas's Star-1 rocket successfully completes its maiden flight; the rocket is designed for reuse at least 25 times. 4. The State Administration for Market Regulation publicly solicits opinions on the "Guidelines for Compliance of Online Transaction Mini-Program Platforms (Draft for Comment)." 5. The Ministry of Finance and another department: Dividends and bonuses received by foreign individuals from foreign-invested enterprises will be subject to individual income tax at a rate of 20% under the category of "interest, dividends, and bonuses." International News: 1. Federal Reserve Governor Barr: Interest rates should be raised decisively if inflation does not cool down. 2. Modi calls on Indians for the second time this year not to buy gold unless absolutely necessary. 3. European natural gas futures prices rise to their highest level since 2023. 4. Russia lowers its 2026 oil production forecast to its lowest level in 17 years. 5. Eurozone inflation returns above 3%, further solidifying expectations of a European Central Bank interest rate hike. 6. Putin: Negotiations on the Ukraine crisis are frozen; large-scale strikes against Ukrainian energy facilities are planned. 7. The US House of Representatives passes a temporary funding bill to avoid a government shutdown; the bill will be sent to President Trump for his signature. 8. Anthropic releases Fable 5.1, claiming improved programming capabilities; OpenAI says it will launch Astra soon; Google is reportedly releasing Gemini 3.8 Flash this week. 9. Overnight Market Updates—Japanese 10-year Treasury yields rise above 3% for the first time in 30 years; US 10-year Treasury yields rise above 4.8%; WTI and Brent crude oil both rise over 4%; European natural gas futures hit a new high since 2023; spot gold falls 2.6%; silver falls 3.7%. 10. Middle East Situation—① US military attacks on Iranian airports and multiple locations along the Strait of Hormuz; explosions were also heard at the important energy hub of Asaluyeh port. The US claims the attacks targeted radar that Iran was attempting to rebuild. ② Trump: The agreement with Iran is worthless; Iran is crazy and stupid; if Iran dares to retaliate, it will be completely wiped out. ③ Iran claims to have used heavy missiles to strike a US military camp in Jordan, causing numerous US casualties. ④ The Russian and Iranian presidents met, stating that the US-Iran ceasefire is fragile. ⑥ US Treasury Secretary: The Strait of Hormuz will achieve "bypass passage" within two years; the US will continue to increase sanctions against Iran. ⑤ Two supertankers were hit by artillery shells in the Strait of Hormuz. ⑦ Iranian media reports that a US attack on a wedding in Sirik, Iran, has resulted in at least 5 deaths and 50 injuries.

During a meeting with Russian President Vladimir Putin, the Armenian Prime Minister stated that Armenia hopes to further deepen its relations with Russia.