Financial Market Newsletter

The USD posted its second consecutive weekly gain amid mounting evidence that the U.S Government’s tariff policies are beginning to exert upward pressure on inflation, while Pres-ident Donald Trump continued his public criticism of Federal Reserve Chair Jerome Powell.

The USD rebounded on Tuesday, rising by 0,34% following data that showed retail sales in the United States exceeded expectations in June, while initial jobless claims declined last week.

The USD Index fell nearly 0,4% during a highly volatile session last night following reports that President Donald Trump is considering dismissing Federal Reserve Chair Jerome Powell.

U.S inflation climbed to 2,7% last month as the Biden administration’s tariffs have gradually begun to pass through to domestic consumer prices.

China’s exports accelerated in June, surpassing market expectations as trade tensions with the United States eased following a round of bilateral negotiations.

On Saturday, U.S President Donald Trump sent a formal letter notifying that a 30% tariff will be imposed on goods imported from the European Union and Mexico, effective August 1.

The 50% tariff imposed by the administration of President Donald Trump on imports from Brazil has sent shockwaves through the global coffee market and could sharply drive up the price of a cup of coffee in the United States.

China’s National Bureau of Statistics reported yesterday that the country’s Consumer Price Index (CPI) edged up by 0,1% in June, marking its first increase in 5 months.

The Japanese yen weakened by 0,33% against the U.S. dollar on Monday after Japan received a notice of a 25% reciprocal tariff from the U.S. President. In contrast, the Australian dollar gained 0,62% after the Reserve Bank of Australia unexpectedly decided against an interest rate cut, surprising the market.