US Dollar Update

Advisory Bazaar Info Services

🔹 The US Dollar Index rose by 0.08% to 97.07.

🔹 Treasury Secretary Scott Bessent said the US is close to finalizing several trade agreements before the new tariffs take effect on July 9.

🔹 Trump earlier announced a basic 10% tariff on most countries, with some tariffs going up to 50%.

🔹 Except for the 10% tariff, others have been delayed, giving a 3-week buffer period to most affected nations.

Other Currencies:

🔸 Japan’s real wages saw the sharpest decline in nearly 2 years in May.

🔸 High inflation continues to outpace wage growth, hurting household purchasing power and raising concerns over Japan’s economic recovery.