Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Dollar slips vs. euro as markets assess trade deals, tax bill

  • By Al Mayadeen English
  • Source: Agencies
  • 30 Jun 2025 22:52
  • 1 Shares
3 Min Read

The drop is driven by mounting concerns over a ballooning federal deficit, stalled trade negotiations, and global policy uncertainty.

Listen
  • x
  • Dollar slips as markets assess trade deals and tax bill
    A man counts US$100 bills at the craft and art market in Lagos, Nigeria, on August 16, 2023. (AP)

The dollar weakened on Monday against the euro and Swiss franc as markets weighed concerns over a growing US budget deficit and uncertainty surrounding key trade negotiations.

Senate Republicans are pushing to pass President Donald Trump’s expansive tax cut and spending bill, despite internal party concerns over its projected $3.3 trillion addition to the national debt.

The greenback slipped 0.44% to 0.79475 against the Swiss franc, while the euro rose 0.28% to $1.17545. For the month, the dollar is on track to drop 3.4% against the franc, with the euro set to gain around 3.6% against the US currency.

"You have a weak dollar due to a potentially large increase in our budget deficit, and you have continued uncertainty around these tariff deals," said Eugene Epstein, head of structuring for North America at Moneycorp in New Jersey.

Meanwhile, Treasury Secretary Scott Bessent warned that countries could still face significantly higher tariffs on July 9, even if they are actively negotiating. He noted that decisions on extensions would ultimately rest with President Trump.

Related News

Trump orders national guard expansion in Washington

Musk’s xAI sues Apple, OpenAI over antitrust collusion in AI market

Last week, Bessent confirmed that the US and China had resolved issues related to Chinese shipments of rare earth minerals and magnets, further amending a trade agreement originally reached in May in Geneva.
 
According to Epstein, "We had this positive news from the EU for a little bit and we had potential positive deals coming up, but then you had Trump doing a temporary about-face on Friday on Canada and so forth."

Canada tax pause and global currency moves

The dollar also slipped 0.19% to 144.33 against the Japanese yen on Monday, putting it on track to end the month nearly unchanged versus the yen.

In a move aimed at easing tensions with Washington, Canada paused the rollout of a new digital services tax targeting US tech giants just hours before it was set to take effect. The decision is seen as an effort to revive stalled trade talks between the two countries.

The Canadian dollar gained on the news, rising 0.36% to C$1.36 per US dollar and heading for its fifth consecutive monthly gain against the greenback.

The US dollar index, which tracks the greenback against a basket of major currencies including the yen and euro, dipped 0.15% to 97.05. It’s on pace for its sixth straight monthly decline and is set to log its worst half-year performance since the 1970s.

"It's kind of rotating a game of musical chairs, whether it's the 'big beautiful bill', the trade deals, and then the Iran-Israel conflict. It's all like taking turns to be at center stage; once one thing passes and the other thing is focused on," Epstein noted.

Elsewhere, the British pound edged down 0.12% to $1.3698, while the Australian dollar climbed 0.52% to $0.6563.

  • US President Donald Trump
  • tax bill
  • US Federal Reserve
  • USD
  • Trump
  • United States
  • US dollar

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS