US Dollar strengthens as Trump sends tariff letters, causing shaky equities and steady gold demand.

Trump has set an August 1 deadline for countries to accept his tariff demands, with 14 nations receiving letters warning of potential harsh tariffs. The US Dollar has strengthened as China and the EU avoid receiving tariff letters, while equities are shaky and gold shows steady demand. The Aussie Dollar gained after the RBA surprised markets by keeping rates unchanged. In Japan, PM Ishiba’s stance on protecting critical sectors is drawing ire from Trump, with implications for the upcoming elections. Investors are watching for more tariff letters and progress in US-EU trade negotiations. Former Fed Governor Warsh is a rumored candidate for Fed Chair. RBA decision to keep rates unchanged reflects caution amid global uncertainty.

Read more at Investing.com: US Dollar Gains as Tariff Letters Erode Risk Appetite