NYSE:ASE 8 February 2026

July 7, 2026, 5:59 PM EDT. The dollar index added 0.24% on Tuesday, helped by weaker stock markets and climbing crude oil, which pushed up inflation fears. The move got another lift after New York Fed President John Williams stuck to a hawkish line, pointing to stubborn inflation. The dollar's gains were capped by a jump in the U.S. trade deficit, which hit $77.6 billion in May, the widest in over a year. EUR/USD fell 0.25% as the greenback strengthened, even after German industrial production rose 0.9%. USD/JPY was almost flat, down 0.02%, with the yen steady on better Japanese economic data and higher government bond yields, though wage numbers missed. The yen is still pinned near a 39-year low above 160 per dollar and traders are watching for signs of intervention. Market odds for a 25 bp Fed hike in July are at 25% and expectations for an ECB hike sit at just 4%.