Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
The U.S. dollar is set for its strongest weekly performance in nearly three years, rallying after President Donald Trump announced steep new tariffs on dozens of trade partners. The dollar index climbed to 100.10, surpassing the key 100 mark for the first time since May 29.
The Japanese yen slumped to a four-month low, trading at 150.64 per dollar, following the Bank of Japan’s signal that it is in no rush to resume interest rate hikes. The euro also weakened, hovering near $1.1420, its lowest level since June 10, pressured by what markets view as an unfavorable trade agreement with Washington.
Trade tensions extended to other currencies. The Swiss franc fell 0.26% to 0.8120 per dollar after the U.S. imposed a 39% tariff on Swiss imports, up from the previously suggested 31%. Canada’s dollar dropped to C$1.3872, its weakest since May 22, after being hit with a 35% levy—higher than the earlier threatened 25%.
Despite Trump’s public criticism of Federal Reserve Chair Jerome Powell and repeated calls for aggressive rate cuts, the dollar’s momentum remained intact. Analysts note that tariff-driven volatility is now largely priced in, with further gains possible in the near term.
“The big move of the week has really been the euro getting rerated downwards,” said Mike Houlahan of Electus Financial, adding that the EU-U.S. trade deal presents another headwind for the euro.
With global trade tensions intensifying and monetary policy diverging, the dollar’s resilience underscores its role as a safe-haven currency amid market uncertainty.
