The US dollar faced a broad decline on Friday. Investors sold off the currency due to President Trump’s escalating trade war. He suggested tariffs on the European Union. This action renewed worries about the impact on the global economy. The Japanese yen gained strength. Data showed Japan’s inflation rose. The British pound also increased against the dollar.
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Indian market is expected to consolidate, mirroring mixed global signals, with Nifty futures closing negatively. Option data indicates a trading range between 24,600 and 25,600.
July 15, 2025