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Daily Market Update by Monex USA – July 2nd, 2025

Market Pulse by Monex USA
Market Pulse by Monex USA
Daily Market Update by Monex USA - July 2nd, 2025
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The US Dollar has rebounded after consecutive losses, driven by risk reversals and profit-taking, while attention remains on domestic tax legislation and international trade deadlines. The Pound Sterling is the weakest performer among G10 currencies, impacted by political uncertainty and a cautious economic outlook from the Bank of England. Meanwhile, the Australian and New Zealand Dollars are under pressure following weaker-than-expected retail sales in Australia, reinforcing expectations of a potential rate cut by the Reserve Bank of Australia. Key events to watch include the US Non-Farm Payrolls report tomorrow, with Monex USA closed for the July 4 holiday.

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