 Dollar’s selloff extended overnight, breaking to fresh lows against Euro and Swiss Franc, as markets grow increasingly uneasy about U.S. trade policy ahead of the July 9 deadline. While US equities remain resilient, with the S&P 500 and NASDAQ surging to record highs, FX markets are telling a different story, with safe haven flows driving gains in Swiss Franc and Japanese Yen. US Treasury Secretary Scott Bessent signaled that Washington is prepared to slap higher tariffs on countries failing to reach a deal by next week. The temporary 10% rate is set to expire, potentially reverting to levels as high as 50% announced in April. President Donal Trump has also intensified his rhetoric. In a social media post, he criticized Japan for refusing to import US-grown rice, calling it a symptom of trade partners becoming “spoiled” at the US’s expense. White House spokesperson Karoline Leavitt added that countries unwilling to negotiate “in good faith” would face the full weight of US trade measures. European leaders are pushing back. French President Emmanuel Macron called the current tariff strategy a form of “blackmail,” arguing that trade tools should promote fairness rather than coercion. He also criticized the US for simultaneously demanding more European defense spending while launching a trade war...... | 
