Reported 1 day ago
As markets brace for the U.S. re-imposition of tariffs on July 9, investor focus remains on interest rate paths and emerging trade deals, particularly after the Senate's passage of Trump's tax bill. The Federal Reserve's commitment to evaluate tariff impacts before adjusting rates adds to uncertainty, leaving investors anticipating upcoming economic indicators. Despite recent gains for the euro, discussions about its potential to replace the dollar as the world's reserve currency are ongoing, with central bankers expressing skepticism about any immediate challenges to the dollar's dominance.
Source: YAHOO