Live Updates

The US Dollar steadies as tariffs escalate under President Trump, impacting trade and market sentiment. Attention shifts to the Federal Reserve’s potential rate cuts amidst ongoing economic uncertainty and trade tensions. – vtmarketsmy.com

The Reserve Bank of Australia’s “Project Acacia” tests a wholesale digital currency, exploring new settlement methods for institutional markets. This initiative could revolutionize financial transactions, benefiting efficiency and transparency. – vtmarketsmy.com

The Greenback gains as trade concerns mount, with the US Dollar Index above 97.00. Investors eye jobless claims and Fed speeches, while commodities fluctuate amid geopolitical tensions. – vtmarketsmy.com

Japan’s Producer Price Index rose 2.9% year-on-year in June, revealing easing inflation pressures. Monthly declines indicate stabilization, hinting the economy is adapting to rising input costs, impacting central bank strategies. – vtmarketsmy.com

GBP/JPY has pulled back from a one-year high after reaching 199.83, as profit-taking and yen strength emerge. While facing tariff pressures, the pair remains above key support, hinting at potential gains. – vtmarketsmy.com

UBS raises its USD/JPY forecast from 135 to 140, citing dollar strength and a cautious Bank of Japan. A potential U.S.-Japan trade deal could pressure Japanese exports, influencing further yen weakness. – vtmarketsmy.com

The Federal Reserve may cut interest rates later this year if economic data supports it, but for now, they’re holding steady. Stay alert for potential shifts in monetary policy. – vtmarketsmy.com

Despite a slight decline in UK house prices, renewed buyer interest and improved sales suggest the market may be stabilizing after tax-related volatility. Traders should monitor emerging patterns closely. – vtmarketsmy.com

President Trump announced new tariffs starting August 1, escalating tension with BRICS-aligned nations. A complex tariff schedule may reshape market dynamics, demanding agile trading strategies to navigate volatility. – vtmarketsmy.com

The British Pound steadied at 1.3580 against the US Dollar as traders reacted to the Bank of England’s report and President Trump’s tariff threats, while Bitcoin soared past $111,000. – vtmarketsmy.com