BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
The euro edged closer to its strongest level in nearly four years on Thursday, buoyed by optimism over new trade agreements between the United States and key partners, including the European Union and Japan. The potential U.S.-EU deal may feature a 15% baseline tariff on EU goods with possible exemptions, according to European diplomats. This follows Washington’s agreement with Tokyo, which reduces auto tariffs and secures a $550 billion package of U.S.-bound investment and loans.
Global markets responded positively, with investors shifting away from the U.S. dollar and risk-sensitive currencies rallying. The Australian dollar climbed to an eight-month high of $0.6604, while the euro traded at $1.1768, near the $1.1830 peak hit earlier this month, marking its highest level in over three years. The U.S. dollar slipped 0.03% against the yen to 146.38, extending its decline for a fourth session despite Japan’s ongoing political uncertainty following Prime Minister Shigeru Ishiba’s denial of resignation rumors after an election defeat.
Sterling held firm at $1.3582, while the New Zealand dollar hovered at $0.6046. The U.S. dollar index remained steady at 97.21.
Beyond trade negotiations, market focus has shifted to the European Central Bank’s upcoming rate decision. While no immediate policy change is expected, investors are watching closely for signals on future monetary easing, with another rate cut anticipated by December. The recent trade breakthroughs and potential ECB actions are shaping currency market dynamics, reinforcing risk appetite amid easing geopolitical tensions.
