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Switzerland expects US tariffs to remain at the current rate of 10% after July 9 – Bloomberg

Bloomberg cited Switzerland’s government officials, stating that they “expect US tariffs to remain at the current rate of 10% after the 90-day grace period ends on July 9.”

The government said that the US “has repeatedly acknowledged that Switzerland is acting in good faith,” adding that it continues to pursue the goal of reaching an agreement as soon as possible, per Bloomberg.

AUD/USD: Expected to trade in a sideways range of 0.6465/0.6515 – UOB Group

Australian Dollar (AUD) is expected to trade in a sideways range of 0.6465/0.6515 against US Dollar (USD). In the longer run, current price movements are likely part of a broad range trading phase between 0.6385 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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USD/JPY: Decline finds support at 21, 50 DMAs – OCBC

USD/JPY turned lower, tracking the dip in UST yields (on dovish Fed rhetoric) while oil prices hold losses (as geopolitical tensions in Middle East subsided for now). USD/JPY was last at 145.62 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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