EUR/USD (Euro –US Dollar)

The commodity’s swings aren’t ideal for a currency, and the U.S. dollar’s pre-eminence is worth protecting.

NEW YORK (Reuters) -Some U.S. companies are taking advantage of more attractive pricing in euro options to protect the revenues they expect from Europe against losses, fearing the common currency may have strengthened a bit too far. The euro rose against the dollar after the U.S. rolled out larger-than-expected tariffs in April, knocking the buck to a three-year low and raising concerns about U.S. assets, its exceptionalism and economic growth. That rationale is being challenged with U.S. stocks staging a 26% recovery from their April lows to rise 6.4% for the year, aided by postponements to the implementation of import tariffs, better-than-feared first-quarter earnings and positive economic data.

The greenback bounced across the board after annual headline inflation rose last month to 2.7%.

Cotton Prices are trading modestly higher at midday on Wednesday, with most net changes 1 to 8 points for the day. Benchmark December hit 69 cents at the high on Tuesday but is a few dimes off of that thus far on Wednesday. Thinly traded October is in minus territory....

The European Union’s trade chief is traveling to Washington to meet U.S. officials, as the bloc seeks to revive talks on an outline trade deal. EU Trade Commissioner Maroš Šefčovič is expected to hold separate in-person meetings this week with Commerce Secretary Howard Lutnick and U.

ROME (Reuters) -The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday. "The real issue is that, to date, not only do we have to consider the burden of tariffs, but we must add to that the euro's appreciation against the dollar," said Confindustria President Emanuele Orsini. Orsini said the dollar's devaluation against the euro "is the biggest in the world" and that Confindustria's projections indicate that it would increase in the coming months, to reach up to 20%.

The European Union sent a group of trade officials to Washington on Tuesday, hoping to revive an outline trade agreement with the U.S. after President Trump's letter threatening 30% tariffs. EU trade chief Maroš Šefčovič also spoke with Commerce Secretary Howard Lutnick on Monday and is due to hold a call with U.S. Trade Representative Jamieson Greer on Tuesday, an EU spokesman said. This week's engagement is part of an effort by the EU to get trade talks back on track.

(Bloomberg) -- The unwelcome effects of a weaker dollar are about to show up in European earnings, making currency moves a key topic this reporting season. Most Read from BloombergAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsLA Homelessness Drops for Second YearThe euro has climbed almost 13% against the dollar since the start of 2025, while the pound is up nearly 8%. The Bloomberg Dollar Index has slumped 9% since a peak in January to languish near the

The U.S. will charge 30% tariffs on goods from both the European Union and Mexico, effective Aug. 1, President Trump said in letters posted on Truth Social over the weekend. Trump said he would consider lowering the respective levies if the EU offers “complete, open Market Access to the United States, with no Tariff being charged to us,” and if Mexico does more to combat drug cartels. It is unclear if USMCA-compliant goods will remain exempt from the Mexico tariffs after Aug. 1, as the White House has said will be the case for Canada.

It looks increasingly clear that for President Trump, tariffs are mainly a convenient means of dominating the news cycle and staying in the headlines. Not for him are months of tortuous, complex trade talks aimed at a win-win outcome. Why do that when you can tweet a 30% tariff threat on a Saturday morning and own the news for an entire weekend?

NEW YORK/LONDON (Reuters) -MSCI's global equity index edged up on Monday and longer U.S. Treasury yields ticked higher as the latest U.S. tariff threats kept investors on edge while they waited for inflation readings and the start of earnings season later in the week. The euro briefly hit an almost three-week low while the dollar index held steady after U.S. President Donald Trump's weekend threat to impose a 30% tariff on imports from the European Union and Mexico from August 1. Trump said he was open to discussions, while the European Union accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached.

LONDON (Reuters) -The world's sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying reserves to weather a volatile global environment, an Invesco survey of sovereign funds and central banks managing $27 trillion in assets showed. Still, the dollar reigns supreme, with the bulk of central banks saying it would take two decades to dethrone it - if ever - as the top reserve currency despite growing concerns. "Institutions with greater than $100 billion - so the pretty large institutions - those are the ones that were most interested in moving more to active management," said Rod Ringrow, Invesco's head of official institutions.

(Bloomberg) -- Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug. 1.Most Read from BloombergWhy Did Cars Get So Hard to See Out Of?How German Cities Are Rethinking Women’s Safety — With TaxisPhiladelphia Reaches Pact With Workers to End Garbage StrikeTrump has ratcheted up trade measures, promising that more tariffs are com

(Bloomberg) -- President Donald Trump’s potential dismissal of Federal Reserve Chair Jerome Powell is a major and underpriced risk that could trigger a selloff in the US dollar and Treasuries, a Deutsche Bank AG strategist said.Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortWhy Did Cars Get So Hard to See Out Of?How German Cities Are Rethinking Women’s Safety — With TaxisPhiladelphia Reaches Pact With Workers to End Garbage StrikeTrump this wee

Ahead of the opening bell, Ramzan Karmali outline three stories Wall Street is watching on Friday, July 11. US stock futures (ES=F, NQ=F, YM=F) slide after President Trump threatened a 35% tariff on imports from Canada as well as a 15% to 20% base tariff for most trading partners. Amid trade talks, the US dollar (DX=F) is in focus as the Canadian dollar (6C=F) and the euro (6E=F) stumble. Bitcoin (BTC-USD) is trading at record highs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here.

​The European Union is ready to finish an outline trade deal with the U.S. and is waiting to hear from the Trump administration, a spokesman said. President Trump told NBC News on Thursday that he expected to send a letter to the EU imminently outlining tariffs the bloc would have to pay. "We remain on our side fully locked and loaded to conclude an agreement-in-principle with the U.S.," the EU spokesman said.

This week, the default reflex on Wall Street, without any economic data or major market news to react to, and even with now-routine White House tariff edicts, was to buy. U.S. President Donald Trump's latest trade salvo was a 50% tariff on goods from Brazil. It started with the focus on Trump's well-advertised July 9 tariff deadline.

The value of the U.S. dollar, as measured by the DXY index, is concluding its worst first half of the year in four decades.

The dollar index (DXY00 ) today is up by +0.22%. The dollar recovered from overnight losses and moved higher today on signs of strength in the US labor market, a hawkish factor for Fed policy, after weekly jobless claims unexpectedly fell to an 8-week low. Also, higher T-note yields today...

September Euro currency futures present a selling opportunity on more price weakness.