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July 7, 2025 7:41 PM UTC
Overview - The USD was stronger, particularly after Trump announced tariffs against various countries, starting with Japan and South Korea. USD/JPY led the way but gains there were steady through the day with the tariff announcement having more initial impact elsewhere.
June 24, 2025 7:39 PM UTC
Overview - The USD consolidated in Europe before seeing renewed slippage in North America as Powell’s testimony, while cautious over easing, sustained hopes for lower rates should inflation avoid an expected acceleration on tariffs.