US Dollar Steady Despite Trump's Tariff Threats, Nvidia Boosts Equities

Trump announces fresh round of tariffs on Brazil and smaller nations, driving mild risk aversion in markets. Despite this, Nvidia boosts equities higher, hitting $4 trillion cap. Fed minutes erase July rate cut bets, supporting the dollar. Meanwhile, Bitcoin hits record high just shy of $112,000. Trump remains in tariff mode, with the original July 9 deadline for reciprocal tariffs passing and all eyes now on August 1 for potential trade deals. Brazil faces 50% tariffs, while smaller nations like Iraq, Libya, and Algeria face lesser duties. Stocks remain mostly positive amid muted reactions to Trump’s tariffs.

Read more at Investing.com: US Dollar Holds Steady as Trump Threatens 50% Tariffs on Brazil