On July 9, 2025, the US dollar continues to strengthen against the euro, with mixed performance versus the yen and British pound. The forex market remains highly reactive to trade policy headlines and global inflation data, as investors digest the latest signals from Washington and central banks worldwide.
By Sagar Dua Forex analytics for USD/CHF shows the pair trading in a corrective downtrend near 0.7971, as the Swiss franc continues to strengthen against major global currencies. Despite several attempts by the Swiss National Bank (SNB) to limit the rapid appreciation, the USD/CHF forecast remains bearish due to persistent geopolitical risks and the looming threat of a 31.0% U.S. tariff on Swiss exports—far higher than the potential 20.0% duties imposed on European products. According to leading forex analysts, the central bank’s shift to a neutral policy rate of 0.00% offered only short-term relief, and many now expect the SNB to move rates back into negative territory if the franc remains overvalued.
By Sagar Dua The USD/JPY pair is trending upward, currently trading around 147.06, as the market absorbs ongoing volatility in the US dollar and a continued bearish outlook for the Japanese yen. Despite President Donald Trump's decision to postpone new US tariffs on Japanese exports until August 1, the likelihood of a 25% levy remains high, with additional risks posed by a potential 50% tariff on steel, aluminum, and possibly copper. Although Japan's Prime Minister Shigeru Ishiba has reiterated intentions to keep talks open with Washington, consensus appears elusive, especially with the approaching deadline
By Sagar Dua The British pound continues to trade under pressure, with GBP/USD extending its bearish momentum from earlier in the week. The pair is currently testing the 1.3580 level as market participants prepare for the release of the June Bank of England (BoE) meeting minutes and a report from the Financial Policy Committee at 12:30 (GMT+2). These releases are highly anticipated, as investors look for new signals regarding the timing of future rate cuts—especially with expectations that the Federal Reserve could also adjust its policy in September.
By Sagar Dua The euro continues to trade under pressure, hovering near 1.1726 during the Asian session as traders brace for fresh market catalysts. Focus remains squarely on transatlantic trade policy after a new delay in the U.S. tariff timeline.
By Sagar Dua The GBP/USD pair continues to consolidate around 1.3633 in the Asian session, as the US dollar remains volatile and market sentiment swings amid uncertainty in global trade negotiations.
By Sagar Dua The EUR/USD currency pair remains under pressure near 1.1742 as investors brace for the expiration of the US tariff moratorium on July 9. The latest round of US-European trade consultations, highlighted by talks between European Commission President Ursula von der Leyen and President Donald Trump, was received positively by the media. However, a formal agreement to fix export tariffs at 10% remains elusive, even though a direct sanctions notice from Washington appears off the table for now.
By Sagar Dua On July 7, 2025, the U.S. dollar strengthened across the board—gaining ground against the euro, pound, and yen—as forex traders closely monitored the latest statements from President Donald Trump. In a move shaking risk sentiment, Trump floated the possibility of imposing an additional 10% tariff on imports from BRICS countries. This comes after BRICS leaders condemned what they termed “unjustified, unilateral protectionist measures” in a joint statement, warning that indiscriminate sanctions and trade restrictions risk fueling economic inequality on a global scale.
By Sagar Dua Forex EUR/USD: The euro is trading with mixed momentum around 1.1781 against the U.S. dollar following the release of Germany’s May industrial production data: output rose 1.0% year-over-year after a –2.1% correction, and 1.2% month-over-month versus the prior –1.6%.
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