On Sept. 1 Beijing party secretary Yin Li told a US-China Business Council board delegation Beijing will work with the Council to implement outcomes of bilateral economic and trade consultations, expand goods and services trade and raise the scale and quality of bilateral trade. He urged deeper cooperation among Chinese universities, research institutes and tech firms to accelerate commercialization of new technologies in Beijing and called for joint leadership on global AI governance to steer t

Iranian state media reported explosions heard on Qeshm Island.

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 lowest in nearly a month and have been dollar‑bullish for nine consecutive trading days, the longest continuous euro‑bearish run since 2017. Renewed US‑Iran tensions have lifted energy prices and worsened Europe’s terms of trade; ING global markets head Chris Turner expects the euro to weaken further to around $1.15 by month‑end amid a firmer Fed stance.