US EditionDollar Edges up as Trump Unveils New Tariffs; Bitcoin at Record
UNITED STATES, JUL 10 – Former President Donald Trump announced tariffs ranging from 15% to 50% on major trade partners to pressure for new agreements amid rising global economic tensions.
- In early Asian trading, the US Dollar Index rose to around 97.80, while Bitcoin hit a record US$118,832 driven by institutional demand.
- Trump's tariff plan involved over 20 letters sent to trade partners, with rates from 15% to 50% starting August 1, affecting sectors like copper and pharmaceuticals.
- The US dollar rose amid global trade upheavals, with the Canadian dollar dropping 0.27% and yen heading for a 1.6% weekly decline, reflecting strong risk appetite, said DBS strategist Chang Wei Liang.
- Brazil’s President Lula da Silva seeks diplomatic talks and vows to reciprocate if tariffs are implemented on August 1.
- With the August 1 deadline approaching, the EU is set to receive tariff notices soon, urging negotiations to avoid levies, while the UAE was removed from the EU’s high-risk money laundering list.
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ZawyaDollar edges up as Trump unveils new tariffs; bitcoin at record
NEW YORK :The dollar edged up across the board on Friday as U.S. President Donald Trump's ramped-up tariffs on Canada and other trading partners sparked a flight to safety.Trump issued a letter late on Thursday that said a 35 per cent tariff rate on all imports from Canada would apply from August 1. The Europ
Monetizing Primacy - 3 Quarks Daily
Karthik Sankaran in Phenomenal World: Donald Trump’s second term as President of the United States has not been very good for the dollar. The most recent blow to the currency came when the ratings agency Moody’s stripped the US of its AAA rating. When Standard & Poor’s downgraded the US in 2011, the dollar rallied and Treasury yields fell. This time around, however, the market reaction was different—an extension of the pattern established immedi…
The escalation of the tariff war, which US President Donald Trump has declared against everyone, is pushing funds to the safety of the dollar, which strengthened slightly yesterday, with the focus on... Boost from the new tariffs - NAVAL TRADE
Weekend briefing: Equities & cryptos hit records as investors go all-in on greed
US tariffs paid by importers to hit US$300 bln; interest paid on debt to top US social security payments in 2025; Canada delivers strong labour market data; UST 10yr at 4.42%; gold and oil up; NZ$1 = 60.1 USc; TWI-5 = 67.6
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