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US Dollar Dominates After Trump’s Trade Strike
On July 11, 2025, global markets reeled after U.S. President Donald Trump announced a steep 35% tariff on Canadian imports, sparking renewed trade tensions and lifting the U.S. Dollar. The U.S. Dollar Index (DXY) pushed above 97.50 as traders sought safety in the greenback. USD/CAD surged toward 1.3700, reflecting immediate pressure on the Canadian Dollar. Meanwhile, EUR/USD slipped below 1.1700 ahead of a potential U.S.-EU tariff deal, and NZD/USD retreated to the 0.6000 handle amid risk-off sentiment. The tariff shock dampened risk appetite globally and repositioned flows across major FX pairs. Markets now await ... (full story)
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From ons.gov.uk|Jul 11, 2025|13 commentsMonthly real gross domestic product (GDP) is estimated to have fallen by 0.1% in May 2025, following an unrevised fall of 0.3% in April 2025 and growth of 0.4% in March 2025 ...
From ons.gov.uk|Jul 11, 2025The value of goods imports increased by £0.6 billion (1.2%) in May 2025, with a rise in imports from both EU and non-EU countries. The value of goods exports increased by £0.6 ...
From ons.gov.uk|Jul 11, 2025Monthly construction output is estimated to have fallen by 0.6% in May 2025; this follows three consecutive periods of growth, including an increase of 0.8% in April 2025. The ...
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From @financialjuice|Jul 11, 2025|1 commentECB's Schnabel: high bar for another rate cut very - econostream ECB's Schnabel: no risk of sustained inflation undershoot ECB's Schnabel: plan is to reduce monetary policy bond portfolios to zero ECB's Schnabel: Euro strength concern to impact prices exaggerated ECB's Schnabel: growth outlook risks are balanced
From brecorder.com|Jul 11, 2025Iron ore futures extended gains on Friday, and were headed for a third straight weekly rise, underpinned by renewed hopes that top consumer China’s crackdown on a price war will ...
From cbsnews.com|Jul 11, 2025|19 commentsA top Trump administration official accused Federal Reserve Chair Jerome Powell of leading an "ostentatious" office renovation project that may be "violating the law" on Thursday, ...
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- Jul 11, 2025 2:27am Posted byTechnical Analysis7,766
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