Morning Juice – US Session Prep (8th July)

Sentiment
The dollar pared losses but remained lower versus most major peers as investors contemplated how the latest tariffs would affect the US economy and those of its trading partners. The Australian dollar led gains following the RBA’s surprise decision to keep rates on hold.

Trump unveiled a wave of letters again threatening key trading partners with high tariff rates, even as he postponed the increased duties until August 1st and suggested that he was still open to negotiations.

Docket
11:00 ET
NY Fed Inflation Expectations

12:00 ET
US EIA Short-term Energy Outlook Report (Tentative)

13:00 ET
US sells $58 bln 3-Year Notes

Speakers
10:00 ET
ECB’s Nagel speaks at the Deutsche Bundesbank’s Regional Office in Hesse in Frankfurt am Main on the topic of “Germany and Japan 2.0-Addressing Common Challenges at a Global Inflection Point” with former Deputy Governor of the BoJ.

11:00 ET
Trump participates in Cabinet Meeting (White House Press Pool)

Good luck!