Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
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.
