Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Trump Questions USMCA Renewal as Trade Talks Continue 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
German Industry Employment Falls to Lowest Level in a Decade 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Asian currencies were mostly flat on Monday after a week of losses, as investors remained cautious amid fresh U.S. tariff threats and mixed signals from global trade data. The U.S. Dollar Index edged up 0.1% during Asian trading hours, with Dollar Index Futures also rising 0.1%.
Market focus shifted to escalating trade tensions after former President Donald Trump announced a 30% tariff on most European Union and Mexican imports starting August 1. The EU responded by extending a pause on retaliatory tariffs, signaling hopes for a diplomatic resolution. Trump had also unveiled tariffs last week targeting Japan, South Korea, Canada, Brazil, and copper imports, and threatened a 10% tariff on BRICS-aligned nations.
Currency markets stayed subdued as traders avoided major positions amid the policy uncertainty. The Japanese yen (USD/JPY) and South Korean won (USD/KRW) remained largely unchanged, while the Australian dollar (AUD/USD) slipped 0.2%. The Indian rupee (USD/INR) rose 0.2%, and the Indonesian rupiah (USD/IDR) gained 0.3%.
Meanwhile, Singapore’s Q2 GDP exceeded expectations, driven by resilient electronics and manufacturing exports. However, the government warned of growing downside risks in H2 2025 due to volatile U.S. tariff policies. The Singapore dollar (USD/SGD) held steady.
In China, trade data showed a stronger-than-expected rise in the June trade surplus, helped by improved exports amid recent tariff reductions with the U.S. Both the onshore yuan (USD/CNY) and offshore yuan (USD/CNH) remained stable.
Investors are closely watching further trade policy developments as markets look for clarity on global economic direction.
