On July 9, 2025, markets respond sharply to rising geopolitical and trade tensions. WTI crude oil jumps above $67.00 as renewed attacks in the Red Sea revive supply disruption fears. Copper prices surge past $5.50 after former President Trump signals plans to impose a 50% tariff on imports if re-elected. The US Dollar Index (DXY) edges higher above 97.50 ahead of the FOMC Minutes, while China’s CPI comes in slightly above expectations at 0.1% YoY, offering mixed signals for Asia-Pacific assets. The Australian Dollar trades flat as markets digest China’s inflation data and weigh the global risk backdrop. Traders brace ... (full story)