According to Jin10 data, UBS Global Wealth Management analysts indicate that the U.S. may again postpone reciprocal tariffs, with the dollar's reaction being uncertain. The 90-day suspension of tariffs will end on July 9.
Analysts believe that further suspension of tariffs may be interpreted as a reluctance to impose tariffs, thereby boosting risk-sensitive currencies. If high tariffs can be avoided, the dollar may receive initial support.
A reduction in tariffs may prompt the market to digest expectations of further interest rate cuts in the U.S. Federal Reserve Chairman Powell stated that he would have cut rates long ago if it weren't for tariffs boosting inflation expectations.