The central bank of the United States, known as The Fed, published its minutes on Wednesday local time, which translates to early Thursday (July 10, 2025) in Indonesia. These minutes provide insights into the discussions that took place during the mid-June monetary policy meeting held by The Fed.<\/p>\n
It was revealed that a majority of The Fed’s board members consider a reduction in interest rates appropriate this year. However, the extent of the rate cut remains a topic of debate.<\/p>\n
Following the release of the minutes, the US dollar faced downward pressure, causing the EUR\/USD pair to rise by 274 points (27.4 pips) to 1.17472; similarly, GBP\/USD gained over 30 pips to reach 1.36109. Conversely, USD\/JPY dropped 45 pips, settling at 145.782. The subsequent pressure on the dollar led to a rebound in gold prices, which climbed to $3,320 per troy ounce during trading on Wednesday and this morning.<\/p>\n
The import tariff policy implemented by Trump has been cited as the primary reason for The Fed’s hesitation in implementing a rate cut due to the risk of inflation rising again. However, several Fed officials believe that any inflation increase may only be temporary and moderate, as the economic conditions and labor market continue to show signs of weakness.<\/p>\n
The release of the minutes also resulted in the Nasdaq reaching an all-time high of 23,110 during Wednesday’s trading session. However, this morning the index fell as investors engaged in profit-taking, especially with President Trump’s import tariff policy once again posing a risk of igniting a trade war. Trump has imposed a 50% import tariff on Brazil, which is expected to provoke a retaliatory response from the South American country.<\/p>\n
Meanwhile, the 90-day trade negotiations concluded on Wednesday in the US, with only three countries reaching agreements: the UK, China, and Vietnam. Reports suggest that the European Union is also close to finalizing its deal. Other countries are still engaged in negotiations until the scheduled tariff increases officially take effect on August 1st.<\/p>\n","protected":false},"excerpt":{"rendered":"
The central bank of the United States, known as The Fed, published its minutes on Wednesday local time, which translates to early Thursday (July 10, 2025) in Indonesia. These minutes provide insights into the discussions that took place during the mid-June monetary policy meeting held by The Fed. It was revealed that a majority of […]<\/p>\n","protected":false},"author":4,"featured_media":76245,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142,5173],"tags":[5174,5176,5178,5177,5168],"class_list":["post-76246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trading-analysis","tag-eurusd","tag-gbpusd","tag-nq","tag-usdjpy","tag-xauusd"],"yoast_head":"\n