President Trump is using tariffs as leverage to end the Ukraine-Russia conflict, threatening 100% tariffs on Russian exports if no peace deal is reached within 50 days. The market remains optimistic as earnings season picks up speed, with several US banking institutions set to announce results. Cryptocurrency market sees profit-taking, while oil prices slide after testing key resistance. The Fed is focused on meeting its dual mandate and is expected to pause rate cuts. China’s GDP for Q2 slightly exceeds expectations, providing some positive news amidst tariff tensions.

Read more at Investing.com: US Dollar Stabilizes Ahead of CPI Data and Trump’s Tariff Escalation