Key Facts
• The dollar reached a two-week high against the yen, peaking at 147.19 yen.
• Closing exchange rate: Dollar/Yen at 146.31/146.32, Euro/Dollar at 1.1719/1.1722.
• U.S. Treasury’s $39 billion 10-year bond auction saw strong demand, yield at 4.362%.
• 10-year bond yield dropped 7.7 basis points to 4.34%, 2-year yield fell 4.7 basis points to 3.862%.
• U.S. stocks rose: Dow +0.49% (44,458.30), Nasdaq +0.95% (20,611.34), S&P 500 +0.61% (6,263.26).
• Nvidia’s market cap briefly surpassed $4 trillion, closing at $3.97 trillion (+1.8%).
• COMEX gold futures rebounded, up $4.10 (+0.12%) to $3,321.00 per ounce.
• WTI crude oil futures rose for the third day, closing at $68.38 per barrel (+$0.05).
• President Trump announced new tariffs on imports from seven countries, including the Philippines.
• U.S. Federal Reserve minutes indicated potential rate cuts later in the year.
Summary
On July 9, the NY market saw notable movements across currencies, bonds, stocks, and commodities. The dollar reached a two-week high against the yen, closing at 146.31 yen, while the euro traded at 1.1719 dollars. U.S. Treasury’s 10-year bond auction showed strong demand, with yields falling to 4.34%. Stocks rose, led by tech-heavy Nasdaq (+0.95%), as Nvidia’s market cap briefly exceeded $4 trillion. Gold futures rebounded to $3,321.00 per ounce, supported by falling long-term U.S. yields. Crude oil prices extended gains, closing at $68.38 per barrel, amid supply concerns and geopolitical risks. President Trump announced new tariffs on imports from seven countries, fueling trade tensions. Meanwhile, Federal Reserve minutes revealed expectations for potential rate cuts later in the year, despite inflationary pressures from tariffs. The market remains focused on economic and geopolitical developments.
