U.S. Dollar Extends Recovery; Tariffs Loom But Now On August 1
2025-07-07 07:24:00 ET
Overview
After last week's US jobs data and anticipation of a firm CPI reading next week, US interest rates have firmed, and the dollar begins the new week on a firm note. Meanwhile, US tariff letters from the White House may begin being delivered today. Initially, it was signaled that some letters would go out before the weekend. In any event, July 9 may have lost some of its sting, as the reciprocal tariffs are now said to go into effect on August 1. The US has struck deals with UK, Vietnam, and partially with China. Several Asian countries are thought to be close to deals. The greenback is firmer against all the G10 currencies, but the Swedish krona, which was underpinned by the stronger than expected preliminary June CPI. The US dollar is also trading firmer against nearly all the emerging market currencies....
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U.S. Dollar Extends Recovery; Tariffs Loom But Now On August 1
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