Market movements slowed at the end of last week as expected due to the American holiday on Friday in conjunction with Independence Day.
The US dollar remained at its lowest level since 2021 against the Euro with expectations of more downside risks in trading this week.
This is as the market focus is now shifting back to the global tariff issue following the deadline for Donald Trump's 90-day tariff suspension to end on July 9.
So far, it has been reported that only Britain, China and Vietnam have reached an agreement on trade negotiations with the United States (US).
Vietnam's exports face a 20% tariff, down from the original rate set at 46% previously while American exports are not subject to tariffs.
Last Friday, President Trump sent an official letter to all countries informing them of the new tariff rates imposed on their imported goods.
Trump over the weekend said he had signed letters for new tariffs to 12 trading partners and that they would be sent on Monday.
US Treasury Secretary Scott Bessent said that countries that fail to reach a negotiated agreement with the Trump administration will face tariffs that were announced on April 2.
In addition to announcing an August 1 date for the new tariffs to begin, Trump warned that some tariffs could reach as high as 70%.
