Developer behind OpenAI’s Australian data center has abandoned plans to use recycled water for cooling.

US Dollar: 1. According to the Financial Times: US President Trump may impose new tariffs on dozens of countries as early as this week. 2. According to the Wall Street Journal: US Trade Representative Greer stated that the US is preparing for a new round of tariffs. 3. ADP Weekly Employment Report: In the four weeks ending July 4, 2026, private sector employers added an average of 16,500 jobs per week. Euro: 1. ECB Credit Survey: Eurozone banks tightened credit standards in the second quarter due to geopolitical and energy price concerns. Banks expect credit standards to tighten further across all loan categories in the third quarter. 2. German investor confidence rose to a five-month high due to reforms. Pound Sterling: 1. KPMG: Weak UK wage growth strengthens the case for the Bank of England to keep interest rates unchanged. 2. UK inflation fell to a 15-month low in June due to falling petrol prices. Japanese Yen: 1. Chief Cabinet Secretary Minoru Kihara: The specific details of monetary policy should be decided by the Bank of Japan. 2. Japan will ease bank lending rules to fund the city's growth plan. 3. According to Kyodo News, due to a shortage of funds, Japan is considering adding several hundred billion yen from its reserves and extending gasoline subsidies until October. 4. Japanese Finance Minister Satsuki Katayama stated that appropriate foreign exchange actions will be taken as needed. He declined to comment on specific foreign exchange levels. South Korean Won: 1. South Korean Deputy Finance Minister urged exporters to repatriate more overseas dollar earnings. The "herding effect" in USD/KRW trading shows signs of easing. 2. The South Korean government discussed exchange rate stability with export companies, including Samsung Electronics and SK Hynix. Other: 1. The Reserve Bank of India released a draft of its foreign exchange management rules to rationalize the system. 2. Hungary cut interest rates for the second consecutive month, with inflation remaining moderate. 3. Moody's upgraded Argentina's rating to B3 and revised its outlook to positive. 4. The Central Bank of Sri Lanka maintained its overnight policy rate at 8.75%. It expects overall inflation to remain above the 5% target in the near term. 5. Sources: Pakistan is seeking $10 billion from the United States to stabilize its currency after mediating talks with Iran.

US President Trump: Iran is under serious attack and they want a deal. Iran will be ready soon.