India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Australian Household Spending Dips in December as RBA Tightens Policy 
The euro and U.S. dollar strengthened on Monday, buoyed by risk-on sentiment after President Donald Trump postponed a proposed 50% tariff on European Union goods. Trump set a new deadline of July 9 following a call with European Commission President Ursula von der Leyen, giving negotiators more time to finalize a trade deal.
The move eased investor concerns over a potential global economic slowdown, with the euro rising 0.3% to 162.60 yen and gaining 0.2% against the U.S. dollar to $1.1382, its highest since April 30. Meanwhile, the dollar bounced back 0.4% to 143.085 yen after a sharp 1% drop on Friday.
The Australian dollar edged up to $0.6505, its highest since May 7, while the British pound held steady at $1.3535, just shy of Friday’s peak.
Analysts say the market expects a more moderate tariff outcome despite Trump’s recent threats. “Markets have probably taken the view — and rightly so — that the final tariff level won’t hit 50%, but the path there remains uncertain,” said Ray Attrill, head of FX research at National Australia Bank.
Still, risks linger. Trump’s 25% tariff threat on iPhones manufactured outside the U.S. remains in play, continuing to unsettle investors. Additionally, concerns over fiscal policy resurfaced after Trump admitted his major tax-and-spending bill may undergo “significant” revisions in the Senate. The House version is projected to increase federal debt by $3.8 trillion over the next decade, according to the Congressional Budget Office.
The rapid policy shifts highlight the volatility of U.S. trade strategy, but the recent tariff delay offered short-term relief to markets and boosted pro-growth currencies.
