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According to Jinse Finance, on July 3, Friday, the US dollar is set to record its largest single-week decline in nearly three months, after a weak June employment report delayed market expectations for a Federal Reserve rate hike, giving the weakened yen some breathing room. US employment growth in June slowed sharply, prompting traders to lower their expectations for a near-term rate hike by the Federal Reserve. The market currently puts the probability of a rate hike at the September meeting at 52%, down from 64% in the previous trading day. US Treasury yields also retreated from earlier highs, with the two-year Treasury yield ending a three-day winning streak. OCBC foreign exchange strategist Sim Moh Siong said, "Marginally, this data is dovish, which helps ease concerns about an overheated labor market and the need for more aggressive policy tightening." However, he added that as long as expectations for Federal Reserve tightening remain in place, the overall outlook for the US dollar is still constructive, especially against low-yielding currencies. (Golden Ten Data)

U.S. Treasury Secretary Scott Bessent stated in an interview with CBS News that President Trump earning approximately $1.4 billion through crypto projects such as TRUMP and World Liberty Financial does not present a conflict of interest. Congressional Democrats criticized this income as a conflict of interest, while White House spokesperson Anna Kelly responded that there is no conflict of interest. Scott Bessent pointed out that more than 6 million Trump Accounts have already been opened, and this project aims to help minors invest in the stock market to improve their financial literacy.

The main methanol contract rebounded by more than 2% during the session. Institutions pointed out that although some Iranian plants have been shut down again, arrivals in July have picked up, and imports may increase next month... Click to read.