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The US Dollar is flat today but set for a weekly loss of three-quarters of a percent, driven by trade and tariff news. Reports suggest Stephen Miran may join the Federal Reserve as a temporary voting member, with potential for a permanent role, while Chris Waller is being considered for Fed Chair next year. Tariffs on gold imports are also creating market ripples. The British Pound remains steady after a Bank of England rate cut, bolstered by unexpectedly hawkish comments from BoE head Andrew Bailey. Meanwhile, the Japanese Yen is underperforming due to political uncertainty and higher-than-expected tariffs. Key data to watch next week includes the US July CPI report on Tuesday.
