USD gaining ground on Trump's extra 10% tariff threat

  • The USD is rising in Asia Trade ideas thread - Monday, 7 July, insightful charts, technical analysis, ideas on Trump's tweets

Trump's tweet's began harmlessly enough with:

  • I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America.

But then came this:

  • Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy.

its triggered a round of risk off, with the USD jumping higher:

usd extremes 07 July 2025 2

USD at extreme for the session

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