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Trade Deal Weighs on the Euro

July 28, 2025
Overview: The US and EU struck a trade deal that is less onerous than threatened and reduces the uncertainty plaguing businesses and investors. In May, President Trump threatened a 50% tariff on most EU goods, and yesterday, agreed to 15% (including autos and pharma, but not metals). There seems to be some debate over whether quota and tariff syst…
Trade Deal Weighs on the Euro Trade Deal Weighs on the Euro Reviewed by Marc Chandler on July 28, 2025 Rating: 5
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Week Ahead: Supportive Dollar Technicals vs Possible Dovish Hold by FOMC and Slower Jobs Growth Week Ahead: Supportive Dollar Technicals vs Possible Dovish Hold by FOMC and Slower Jobs Growth Reviewed by Marc Chandler on July 26, 2025 Rating: 5
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The Dollar Recovers Ahead of the Weekend

July 25, 2025
Overview: The greenback is firm as the week winds down. Next week could be one of the most eventful of the year, with FOMC meeting, US and eurozone Q2 GDP, US PCE deflator and jobs data, and the August 1 "reciprocal tariff" extension deadline. The recovery in US rates has seen the dollar rise toward JPY148 from below JPY146 yesterday des…
The Dollar Recovers Ahead of the Weekend The Dollar Recovers Ahead of the Weekend Reviewed by Marc Chandler on July 25, 2025 Rating: 5
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Chinese Yuan and Australian Dollar Reach New 2025 Highs

July 24, 2025
Overview: With a US-Japanese deal in hand, and the prospects of an extended tariff truce between the US and China, many perceive some tail risks associated with the US foreign economic policy have diminished. This has encouraged the animal spirits and helped drive equity prices higher. The dollar is mixed. The uptick in Australia's PMI and cau…
Chinese Yuan and Australian Dollar Reach New 2025 Highs Chinese Yuan and Australian Dollar Reach New 2025 Highs Reviewed by Marc Chandler on July 24, 2025 Rating: 5
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Trade Deals Bolster Risk Appetites

July 23, 2025
Overview: The US has struck a trade deal with Japan, Indonesia, and the Philippines and Treasury Secretary Bessent has suggested the August 12 end of the US-China tariff truce will likely be extended next week. The dollar bloc leads the G10 currencies higher amid some creeping optimism, while the euro is the laggard, off about 0.20%. The yen is ho…
Trade Deals Bolster Risk Appetites Trade Deals Bolster Risk Appetites Reviewed by Marc Chandler on July 23, 2025 Rating: 5
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Tokyo Returns and Yen Stabilizes after Yesterday's Jump

July 22, 2025
Overview: The foreign exchange market is quiet. The greenback is narrowly mixed against the G10 currencies. Leaving aside thinner traded New Zealand dollar and Norwegian krone, the other currencies are mostly +/- 0.1%. Emerging market currencies are also mixed and mostly +/- 0.2%. The approaching August 1 expiration of the postponement of US "…
Tokyo Returns and Yen Stabilizes after Yesterday's Jump Tokyo Returns and Yen Stabilizes after Yesterday's Jump Reviewed by Marc Chandler on July 22, 2025 Rating: 5
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Yen Jumps as Governing Coalition Loses Majority in Upper House

July 21, 2025
Overview: The US dollar begins the new week with a softer bias, but it still needs to run the North American gauntlet, which has tended to be more constructive than other centers recently. As seemed likely, less than a year after losing its majority in the lower, the LDP and Komeito coalition lost its majority in the upper chamber yesterday. Japan…
Yen Jumps as Governing Coalition Loses Majority in Upper House Yen Jumps as Governing Coalition Loses Majority in Upper House Reviewed by Marc Chandler on July 21, 2025 Rating: 5
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