As of July 22, the U.S. dollar remained steady, hovering near recent levels as investors awaited clarity on potential new tariffs and trade negotiations set for August. Markets are watching closely after President Trump’s public criticism of the Fed’s independence sparked concern among currency traders. The Japanese yen maintained gains, even as Japan’s ruling coalition lost parliamentary control, while the euro and pound declined modestly ahead of the ECB meeting.
Treasury Secretary Scott Bessent assured markets of U.S. resolve to emphasize quality over deadlines in trade deals. Analysts warn that Fed credibility, global trade friction, and fresh policy announcements could significantly impact currency dynamics in the weeks ahead.
About the Author
