Key Facts
• July 10, 2025: Dollar rose against major currencies like the euro and Swiss franc.
• Trump’s tariff measures seen as unlikely to result in worst-case scenarios.
• Brazil’s real dropped 2.8% temporarily, later closing 0.56% lower at 5.5433 per dollar.
• Trump announced a 50% tariff on Brazilian imports starting August 1, 2025.
• Brazil’s President Lula threatened reciprocal 50% tariffs on U.S. imports.
• Dollar index rose 0.27% to 97.638; USD/JPY closed at 146.25, EUR/USD fell 0.23% to 1.1692.
• Bitcoin surged to $113,820.49, hitting a new all-time high due to institutional demand and favorable U.S. policies.
Summary
The U.S. dollar strengthened on July 10, 2025, against major currencies, supported by optimism that President Trump’s tariff measures would avoid worst-case outcomes. While Brazil’s real initially fell 2.8% following Trump’s announcement of a 50% tariff on Brazilian imports starting August 1, it later recovered some losses. Brazil’s President Lula hinted at reciprocal tariffs, escalating trade tensions. Despite this, markets remained calm as tariff rates aligned with prior announcements. The dollar index rose 0.27%, while Bitcoin reached a record $113,820.49, driven by institutional interest and supportive U.S. policies.
