Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
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.
