On July 2, 2025, the US Dollar remains under pressure as expectations for a September rate cut build, driving gains across major currencies. Silver (XAG/USD) hovers near $36.00, slipping slightly as the USD stages a modest rebound. GBP/USD flirts with fresh highs above 1.3750, buoyed by broad-based dollar weakness. NZD/USD extends above 0.6100, supported by dovish Fed bets and strong risk appetite. The Japanese Yen trades weaker near 146.20, giving up earlier strength as US yields recover. Meanwhile, the Australian Dollar sees limited upside after May retail sales missed forecasts, rising only 0.2% versus 0.4% ... (full story)