Japan finmin Kato: no current plans for specific foreign-exchange discussions with BessentMorgan Stanley MUFG: U.S. tariffs pose risk to Japan’s economyPBoC moves to expand Offshore Bond access for Chinese InvestorsJPY is very weak on the dayAustralian June 2025 Business confidence +5 (prior +2)PBOC sets USD/ CNY central rate at 7.1534 (vs. estimate at 7.1772)More on Kevin Warsh interview - wants lower ratesJapan PM Ishiba: No tariff deal because Japan kept defending what needs to be defendedGoldman Sachs raises 3-, 6-, and 12-month S&P 500 forecastsTrump says may adjust tariffs for some countriesTrump says "We are going to have to send more weapons to Ukraine"Trump says August 1 tariff deadline is firm, but he is open to other ideasHSBC says conditions for lasting US dollar rebound still absentGoldman Sachs repeats it expects a Federal Reserve rate cut in September (prior December)Report - "US offers EU 10 percent tariff deal — with caveats"HSBC says rising downside risk to its $65/bbl Brent forecast for 4Q 2025Tariff TACO bingo: April 9, July 9, now August 1Trump has officially extended his tariff deadline to August 1Canada Fin Min asked cabinet members to find tens of billions of dollars in spending cutsFormer Fed Reserve Governor Warsh says tariffs not inflationary, has sympathy for TrumpIt looks like the PBOC is sweating over the sharp appreciation of the yuan against the USDTrump slamming hefty tariffs on ... Bangladesh, Bosnia, Serbia, Tunisia, IndonesiaChina eyes plan to ramp up offshore bond purchases via Southbound ConnectMajor indices closed lower as markets react to increase tariff fearForexlive Americas FX news wrap: Trump rolls out higher tariffs for Aug 1 for 7 countriesTrade ideas thread - Tuesday, 8 July, insightful charts, technical analysis, ideas
The U.S. dollar weakened broadly following the delay announcement, except against the yen. Currencies such as the euro, AUD, GBP, NZD, and CAD all gained ground.
From Australia, business confidence data surprised to the upside, with business conditions hitting their highest level since March 2024. Gains were broad-based across sales, profitability, and employment, while confidence rose for a third consecutive month.
In geopolitics, Trump said: "We are going to have to send more weapons to Ukraine. Defensive weapons. They have to defend themselves."
This article was written by Eamonn Sheridan at www.forexlive.com.
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