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Analysts at Capital Economics say the European Central Bank (ECB) is likely to cut interest rates only in September due to concerns over global trade and the recent rise in the euro.

A decrease of the indicator value may contribute to the fall in quotes of EUR.

Gabriel Makhlouf, a member of the European Central Bank's (ECB) Governing Council, says there is no way that the euro could replace the US dollar as the world’s top currency anytime soon.

According to Morgan Stanley, the recent weakening of the US dollar may benefit American multinational corporations, which typically gain from favorable currency conversion effects when foreign earnings are translated back into dollars.

Reuters reports that the US dollar has dropped to its lowest level since 2021 against the euro and hit a record low since 2015 against the Swiss franc. The decline comes as President Donald Trump's deadline for implementing import tariffs approaches.

Copper and other industrial metal prices continued to drop after Donald Trump proposed a 10% tariff on goods from BRICS countries. According to Bloomberg, the US president's move has fueled uncertainty over American trade policy.

Gold prices declined today following recent remarks by US President Donald Trump. In his statement, the politician reported progress in negotiations and an extension of tariff delays for several countries. This information was provided by the Reuters news agency.

For the first time in six years, the Reserve Bank of Australia (RBA) is considering back-to-back interest rate cuts. As reported by Bloomberg, the central bank may begin its easing cycle amid slowing inflation and global economic uncertainty fueled by US trade policies.

Fundstrat Global Advisors co-founder Tom Lee believes Ethereum (ETH) is trading below its potential value. He says the asset price could reach $10,000, which would represent a 300% gain from the current levels.

OPEC+ has agreed to raise its oil output by another 548,000 barrels per day (bpd) in August. Meanwhile, monthly hikes were 411,000 bpd between May and July and 138,000 bpd in April.