Forexlive Americas FX news wrap: US dollar treads water as eyes turn back to trade ...Middle East

Trump hits Brazil with a 50% tariffBrazil VP: We are not a problem for the US, I see no reason to raise tariffsFOMC minutes: 'A couple' participants said they would be open to considering July cutU.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.362%Atlanta Fed GDPNow growth for 2Q unchanged 2.6%Weekly Crude oil inventories +7.070 million versus a drawdown of - 2.071 million estimateUS wholesale inventories for May -0.3% versus -0.3% estimateNagel: ECB should neither plan nor rule out further cutsEU trade negotiator Sefcovic: Trade talks continue remotely every day with USNavarro: The markets understands that the letters are part of negotiations

Gold up $12 to $3312US 10-year yields down 7.9 bps to 4.34%WTI crude oil flat at $68.32S&P 500 up 0.6%JPY leads, CAD lags

The FX market largely treaded water in Wednesday's trade but there was a notable intraday reversal in USD/JPY lower after hitting the highest in two weeks. That came as US yields fell and closed at the lows of the day.

As for the dollar, it's been strong so far in July but there were cracks today. I think those cracks widened a bit with this attack on Brazilian trade, despite Brazil having a trade deficit with the US. It highlights Trump's knee-jerk instincts to hit everyone with tariffs for anything and that 'reciprocal' is effectively meaningless.

In the meantime, I will keep a close eye on how the dollar performs in the day ahead. Also keep an eye on bitcoin for signs of risk sentiment. It attacked $112K and got within dollars of breaking it but backed off late.

This article was written by Adam Button at www.forexlive.com.

Hence then, the article about forexlive americas fx news wrap us dollar treads water as eyes turn back to trade was published today ( Thursday 10/07/2025 - 12:06 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Forexlive Americas FX news wrap: US dollar treads water as eyes turn back to trade )

Also on site :

• Trump Wants To”Unleash Hell” In 2026; POTUS Tries To Go Full Maximus With A Misguided ‘Gladiator’ Flex
• Isiah Whitlock Jr. Dies: ‘The Wire’ Actor & Frequent Spike Lee Collaborator Was 71
• GCE Global Solutions Corp. Announces Strategic Acquisition of GCE Payroll Advisers Inc. to Strengthen Global EOR and Payroll Platform