The US dollar is expected to achieve its first monthly increase since 2025.

The US dollar is expected to achieve its first monthly increase since 2025 in July, thanks to the Federal Reserve's tough stance and strong performance of the US economy. On Wednesday, Fed Chairman Powell stated that he is not in a rush to lower interest rates and did not reveal when rates might be lowered again. Meanwhile, following a series of trade agreements, the uncertainty caused by President Trump's erratic tariff policies has eased, boosting investor confidence in the resilience of the US economy. The euro is one of the biggest losers of the US dollar's rise this month, as investors have withdrawn their bets based on the assumption that "the European market might offer more opportunities." The euro is expected to drop by nearly 3% this month.