Trump tariff threats heat up, currency trade, bitcoin's highs: 3 Things

Ahead of the opening bell, Ramzan Karmali outline three stories Wall Street is watching on Friday, July 11. US stock futures (ES=F, NQ=F, YM=F) slide after President Trump threatened a 35% tariff on imports from Canada as well as a 15% to 20% base tariff for most trading partners. Amid trade talks, the US dollar (DX=F) is in focus as the Canadian dollar (6C=F) and the euro (6E=F) stumble. Bitcoin (BTC-USD) is trading at record highs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here.

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11 Jul, 2025
/ 12:02

EU Says It's Ready to Finish Outline Trade Deal and Is Waiting on U.S.

​The European Union is ready to finish an outline trade deal with the U.S. and is waiting to hear from the Trump administration, a spokesman said. President Trump told NBC News on Thursday that he expected to send a letter to the EU imminently outlining tariffs the bloc would have to pay. "We remain on our side fully locked and loaded to conclude an agreement-in-principle with the U.S.," the EU spokesman said.

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11 Jul, 2025
/ 11:52

Trading Day: New highs, almost no news

This week, the default reflex on Wall Street, without any economic data or major market news to react to, and even with now-routine White House tariff edicts, was to buy. U.S. President Donald Trump's latest trade salvo was a 50% tariff on goods from Brazil. It started with the focus on Trump's well-advertised July 9 tariff deadline.

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10 Jul, 2025
/ 21:17

Has the U.S. Dollar Found Support?

The value of the U.S. dollar, as measured by the DXY index, is concluding its worst first half of the year in four decades.

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10 Jul, 2025
/ 14:57

Dollar Boosted by Signs of US Labor Market Strength

The dollar index (DXY00 ) today is up by +0.22%. The dollar recovered from overnight losses and moved higher today on signs of strength in the US labor market, a hawkish factor for Fed policy, after weekly jobless claims unexpectedly fell to an 8-week low. Also, higher T-note yields today...

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10 Jul, 2025
/ 14:44

The Euro Is Stumbling. How Much Lower Will the Currency Futures Go?

September Euro currency futures present a selling opportunity on more price weakness.

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10 Jul, 2025
/ 14:43

PrimeXBT launches MT5 PRO account with superior conditions for high-volume traders

Castries, Saint Lucia, July 10th, 2025, FinanceWire

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10 Jul, 2025
/ 11:55

Dollar rise against major currencies; bitcoin hits fresh record high

NEW YORK (Reuters) -The U.S. dollar rose against major currencies including the euro and the Swiss franc on Thursday as currency markets largely shrugged off President Donald Trump's latest tariff missives, except in Brazil where a threatened 50% levy sent the real sliding. Bolsonaro, who was friendly with Trump when they were both in office, is on trial on charges of plotting a coup to stop current President Lula da Silva from taking office in January 2023.

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10 Jul, 2025
/ 01:19

Dollar cedes ground to euro, Swiss franc shines in global reserves, IMF data shows

LONDON (Reuters) -The U.S. dollar's share of global currency reserves reported to the International Monetary Fund nudged lower to 57.7% in the first quarter of 2025 while the share of euro-denominated reserves gained, International Monetary Fund data showed. But it was the Swiss franc which saw the most dramatic increase, quadrupling its share to 0.8% of reserves by end-March - the highest level since at least 1999 when the euro was introduced - while the share of pound sterling also rose. Foreign currency markets have seen some dramatic swings since the start of the year.

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09 Jul, 2025
/ 15:42

EU Aims for U.S. Trade Deal in Coming Days or Weeks

The European Union is aiming for an outline trade deal with the U.S. this month, and potentially within days, a spokesman said. The EU is locked in what officials hope are end-stage negotiations for a short framework deal. The Wall Street Journal has reported this will likely keep 10% tariffs in place for most European goods.

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09 Jul, 2025
/ 14:11

Stocks climb as Nvidia hits $4-trillion valuation; euro inches lower

NEW YORK (Reuters) -Major stock indexes rose on Wednesday as Nvidia briefly climbed to a $4-trillion valuation, while the euro edged lower, with the Trump administration getting closer to a deal with its biggest trading partner, the European Union. U.S. President Donald Trump issued final tariff notices to seven minor trading partners. U.S. stocks held higher after minutes from the Federal Reserve's June 17-18 meeting showed only "a couple" of officials at the meeting said they felt interest rates could fall as soon as this month.

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09 Jul, 2025
/ 02:58

European stocks' 2025 outperformance is over, but don't forget the euro

LONDON (Reuters) -European stocks took an early lead in 2025, outperforming Wall Street thanks to erratic U.S. policymaking and Germany's once-in-a-generation fiscal shift, but U.S. markets have caught up. The broad European STOXX 600 index was up 6.6% so far this year, as of Friday's close, compared with 6.8% for the S&P 500. In March the STOXX was 10 percentage points ahead, leading European bulls to think this might be their time after years of European markets underperforming Wall Street.

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07 Jul, 2025
/ 08:22

ECB’s Makhlouf Says Euro Not Ready to Challenge Dollar’s Role

(Bloomberg) -- The euro cannot quickly supplant the dollar as the anchor of the world’s financial system as countries using it still have far to go in their financial and economic integration, European Central Bank Governing Council member Gabriel Makhlouf said.Most Read from BloombergForeign Buyers Swoop on Cape Town Homes, Pricing Out LocalsTrump’s Gilded Design Style May Be Gaudy. But Don’t Call it ‘Rococo.’Massachusetts to Follow NYC in Making Landlords Pay Broker FeesNYC Commutes Resume Aft

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05 Jul, 2025
/ 11:53

Limited Bounce for the Dollar After a Stronger NFP

3 July’s NFP was significantly better than expected, challenging the narrative of a weakening job market in the USA.

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04 Jul, 2025
/ 17:53

Meeting NATO’s Higher Defence Spending Target Will Weigh On EU Credit Profiles

Achieving NATO’s higher defence spending target of 3.5% of GDP will increase budget deficits and public debt across the EU unless governments consider a mix of spending cuts, tax hikes, and joint defence funding.

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03 Jul, 2025
/ 15:12

Dollar gains after strong US jobs data stretches market hopes of Fed cut

NEW YORK (Reuters) -The U.S. dollar rose against major currencies, including the yen, euro and Swiss franc on Thursday, after data showing the U.S. economy created more jobs than expected, signalling that the Federal Reserve might take longer to cut interest rates. The dollar strengthened 0.94% to 145.075 versus the Japanese yen and was up 0.39% to 0.7955 against the Swiss franc. "It will be very difficult for the Fed to cut rates in this environment, with the labor market so strong," said Axel Merk, president and chief investment officer at Merk Hard Currency Fund in California.

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03 Jul, 2025
/ 01:53

Euro Runs Its Best Winning Streak in Two Decades Versus Dollar

(Bloomberg) -- The euro notched its longest winning streak against the dollar in more than two decades — and options traders are betting the rally isn’t over yet.Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental LawWhat Gothenburg Got Out of Congestion PricingThe greenback’s recovery earlier in the day pressured the common currency, leading it to curb its advance after it touched the hi

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01 Jul, 2025
/ 21:02

Challenge to dollar supremacy a long way off, central bankers say

SINTRA, Portugal (Reuters) -There is no prospect of a major challenge to the dollar's status as the world's reserve currency of choice any time soon, central bankers gathered for an annual conference in the Portuguese resort of Sintra said on Tuesday. U.S. President Donald Trump's unpredictable economic, trade and security policies have spurred questions over whether the U.S. currency, which accounts for 58% of the world's reserves, can remain at the centre of the global monetary system. European Central Bank President Christine Lagarde, who has argued the euro could over time become an alternative to the dollar if Europe's currency zone enacted necessary reforms, said 2025 could in future be viewed as "pivotal" in this respect.

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01 Jul, 2025
/ 16:07

ECB Takes a Victory Lap on Inflation

European central bankers gathering in Portugal were greeted with some good news Tuesday: Inflation is back at its target. "We are at 2%," said European Central Bank President Christine Lagarde, speaking on a panel with peers including Federal Reserve Chair Jerome Powell.

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01 Jul, 2025
/ 15:10

Eurozone inflation hits 2% ECB target after June interest rate cut

Services inflation was estimated to be the biggest driver of price rises, clocking a 3.3% rise. Food, alcohol and tobacco prices also ticked up 3.1%.

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01 Jul, 2025
/ 09:34

The EUR/USD Paradox: A Strong Euro in a Weak Economy

The euro is on a tear. It’s climbed to its highest level since late 2021, brushing up against the $1.16 mark.

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27 Jun, 2025
/ 12:54

Challenges for the Pound After Inflation and GDP Edge Down

Despite a generally strong job report, the pound has held close to recent lows.

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24 Jan, 2025
/ 10:52

Sterling slumps to new low; gilt yields soar

Higher bond yields would usually support the country’s currency, but there are fears that the rising costs needed to support UK government debt could lead to further tax increases or spending cuts, hindering the chances of an economic recovery. Markets "continue to function in an orderly way" and movements in government borrowing costs were being driven by "a wide range of international and domestic factors," he added.

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09 Jan, 2025
/ 13:25

Further Losses for the Euro After the ECB Cuts Rates as Expected

Inflation below target suggests that the cycle of loosening will probably continue up to summer 2025.

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21 Oct, 2024
/ 13:00