June CPI rose moderately, the Fed's rate cut this month is unlikely!

· The overall CPI in the U.S. rebounded slightly in June, while the core CPI fell short of expectations. This news is bearish for the dollar. · Trump: Reached a trade agreement with Indonesia, imposing a 19% tariff on Indonesian goods exported to the US, while US exports to Indonesia will enjoy tariff-free and non-tariff barrier treatment. This news is negative for the Rupiah. · U.S. Treasury Secretary Besant: The formal process for selecting a successor to Federal Reserve Chairman Powell has begun, and the selection will proceed at Trump's pace. This news is bearish for the dollar and U.S. stocks.