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: 2025.07.07
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US President Trump warns of an additional 10% tariff on nations aligned with BRICS
World FX news
Breaking news
US President Trump warns of an additional 10% tariff on nations aligned with BRICS
2025.07.07 11:49
2025.07.07 11:49
US President Donald Trump said in his social media tweet early Monday, "I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America."
However, Trump followed this up with a warning, stating that "any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy."
Last updated
: 2025.07.07
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FX option expiries for Aug 4 NY cut
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2025.08.04 14:47AUD/JPY recovers further from multi-week low, climbs to 95.80 amid a broadly weaker JPY
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The EUR/USD pair clings to Friday's gains near 1.1570 during the late Asian session on Monday. The major currency pair trades firmly as the US Dollar (USD) has been pushed to the backfoot, following questions over the credibility of the United States (US) data agencies.
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2025.08.04 14:18GBP/USD Price Forecast: Resistance appears at 1.3300 near nine-day EMA
The GBP/USD pair moves sideways after registering more than 0.5% gains in the previous day, trading around 1.3280 during the Asian hours on Monday. The bearish bias prevails as the daily chart's technical analysis suggests that the pair moves downwards within the descending channel pattern.
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2025.08.04 14:15USD/CHF Price Forecast: Keep a bearish vibe, crucial support level emerges near 0.8000
The USD/CHF pair attracts some buyers to around 0.8050 during the early European session on Monday, bolstered by a firmer US Dollar (USD).
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2025.08.04 13:10Disclaimer:
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