"Foreign Exchange" Yen falls under new tariffs, Australia maintains interest rates, boosting the Australian dollar

U.S. President Trump claimed he would not extend the new tariff grace period ending August 1, and the U.S. dollar remained stable on Tuesday. The U.S. Dollar Index slightly rose to 97.5.

The Reserve Bank of Australia maintained the interest rate at 3.85%, which did not meet market expectations, causing the Australian dollar to rise. The Australian dollar fell to 0.65 against the U.S. dollar.

Japanese Prime Minister Shigeru Ishiba stated on Tuesday that he would continue negotiations with the U.S. to seek a mutually beneficial trade agreement. The U.S. dollar fell to 146.5 against the Japanese yen, and every 100 yen fell to 5.36 against the Hong Kong dollar.

The British pound rose to 1.36 against the U.S. dollar.

The euro fell to 1.172 against the U.S. dollar.

The U.S. dollar rose to 1.367 against the Canadian dollar.

The U.S. dollar fell to 0.796 against the Swiss franc