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Jul 08, 2025
Tariff delay rattles markets: dollar up, oil down
Investor concerns mount despite postponement of new duties
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Today, global financial markets experienced notable volatility following new political and trade developments from the United States. Washington has issued official notices about additional tariffs on several countries, including South Korea and Japan, to be implemented starting 1 August 2025. Although the tariffs are not yet in effect, the announcement alone prompted traders to reassess their positions, affecting movements across stocks, currencies, and energy markets. |
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Currencies and Markets:
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The U.S. dollar rose against the yen and euro as investors sought safe-haven assets.
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Gold remained volatile but stabilized slightly after recovering from a wave of selling.
- U.S. equities dipped temporarily, while some Asian markets rebounded on hopes of a delay or potential de-escalation.
Energy:
- Oil prices dropped slightly amid fears of slower global demand in light of renewed trade tensions.
- Overall, oil movement remained limited as traders awaited further statements from the White House.
Outlook:
- Market volatility may persist throughout the week as investors await additional official comments.
- If the August implementation is confirmed without delay, further pressure on equities and oil markets is expected.
- Gold may resume its upward trend if uncertainty intensifies, while the dollar continues to attract capital.