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Markets drift as traders wait for fresh signals
Markets remained subdued overnight amid a lack of fresh catalysts, with traders largely sidelined. USDJPY saw a modest rebound but stalled below 148.00, as attention shifted from Japan’s election outcome to its fiscal challenges.
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Trump tariffs spark Dollar drop
The U.S. dollar dropped sharply early on in the day due to political fallout from President Trump’s new tariff threats, including a proposed 50% tariff on Brazil in response to the trial of former President Bolsonaro for an alleged coup attempt.
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Dollar steadies as Fed Minutes loom
The U.S. dollar edged higher but remained quiet as markets awaited the FOMC minutes, with focus intensifying after President Trump reiterated his push for aggressive tariffs, including a 50% levy on copper and potential new rates on pharmaceuticals, driving copper prices to a record high.
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Trump’s tariffs stir dollar, markets await talks
President Trump announced new tariffs, including 25% levies on Japan and South Korea effective August 1, though he signaled openness to negotiations and flexibility on the deadline.
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Dollar firms as tariff tensions resurface
As U.S. traders return from the Independence Day holiday, they’ll find a stronger dollar, supported by renewed trade tensions and geopolitical noise. Tariffs are back in focus ahead of Wednesday’s deadline, with President Trump warning that countries aligning with BRICS policies contrary to U.S. interests will face a 10% tariff.
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Markets brace for jobs report ahead of holiday weekend
The dollar remains steady ahead of today’s key U.S. non-farm payrolls report, with expectations centered around 106k, though sentiment has softened after a weak ADP print, pulling the “whisper” number closer to 97k.
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Eurozone jobless rate ticks up, ECB stays patient
Strong U.S. JOLTS job data has supported the Dollar, though the Dollar Index has failed to make any meaningful recovery attempts thus far. President Trump reiterated his July 9 deadline for higher tariffs, threatening to halt talks and impose duties on several countries, including Japan, which is negotiating in good faith but prioritizing national interests.
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Dollar dives as Fed rate cut bets grow
The U.S. dollar faced renewed pressure at the start of July, with the Dollar Index dropping to its lowest since February 2022, marking a 10.8% decline in the first half of 2025—the worst since 1973—driven by geopolitical tensions and Trump’s trade policies.
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Dollar suffers amid trade tensions
The U.S. dollar hit multi-year lows as investors turned away from it, driven by ongoing criticism of the Federal Reserve and concerns over fiscal irresponsibility in the Trump administration’s budget.
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Fed rate cut speculation grows
The currency market has been relatively stable as traders await Federal Reserve Chair Jerome Powell’s second day of testimony before the Senate, though this does follow fresh yearly highs for the Euro and Pound in Tuesday trade.
