The U.S. dollar hovered near multi-year lows Monday as markets braced for trade-related developments ahead of President Donald Trump’s July 9 tariff deadline. According to Reuters, Trump confirmed Sunday that new tariff rates will take effect August 1, following the expiration of a 90-day moratorium. He said several trade deals are close to completion, but warned that roughly a dozen countries will receive letters outlining higher duties. Analysts noted that while volatility is expected, markets have mostly priced in new tariffs and potential extensions. The dollar index rose 0.26% to 97.223, though it remains close to last week's 3-1/2-year low. The U.S. dollar also strengthened against the yen, Canadian dollar, and Mexican peso.
