Asian Currencies Slide and Stocks Remain Muted Amid US Tariff Threats
TL;DR
Global stocks remained steady or slightly up amid cautious optimism over trade negotiations following US tariff threats, with markets reacting less severely than expected and some regions, like Europe and Asia, showing signs of resilience. The US announced higher tariffs on Japan and South Korea, but markets are hopeful for a preliminary trade deal before the August 1 deadline, while the yen and other currencies showed mixed responses.
- Shares steady, yen slides after US issues tariff letters Reuters
- Strategists See Weaker Asian Currencies on Latest Tariff Demands Bloomberg
- Asian currencies weaken, stocks muted on Trump's new tariffs Nikkei Asia
- Australian Dollar Broadly Higher, AUD/JPY Eyes Breakout as RBA Holds Rates FOREX.com
- AUD/JPY Price Forecast: Holds steady below 95.00 ahead of RBA decision Mitrade
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