U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
The U.S. dollar hovered near multi-year lows on Friday, pressured by expectations of deeper Federal Reserve rate cuts and uncertainty surrounding global trade negotiations ahead of a key July 9 deadline for new tariffs.
Traders are increasingly pricing in dovish shifts from the Fed, with markets now expecting 64 basis points of rate cuts in 2025, up from 46 basis points earlier in the week. Recent congressional testimony from Fed Chair Jerome Powell was seen as more dovish, fueling speculation that President Donald Trump may announce a new Fed Chair as early as September or October—months ahead of Powell’s term ending in May.
Reports suggest Trump is considering replacing Powell to install a more rate-cut-friendly leader. Though no decision is final, such a move could undermine Powell’s authority and introduce volatility into markets, especially if the nominee voices contrasting views.
The dollar index (DXY) was at 97.378, its lowest since March 2022, and is on track for a 2% loss in June—marking six consecutive months of decline. The euro traded at $1.1693 after touching a 2021 high of $1.1745, while the British pound held near $1.3733. The Swiss franc stood at 0.8013, its strongest level in a decade, and the yen slipped slightly to 144.73 per dollar.
Meanwhile, global trade remains in focus. German Chancellor Friedrich Merz urged the EU to pursue a “quick and simple” deal with the U.S., while a White House official confirmed progress with China on accelerating rare earth shipments. These developments come as nations rush to finalize trade agreements before the upcoming U.S. tariff deadline.
The weakening dollar reflects both policy uncertainty and mounting investor concerns over U.S. economic momentum.
