ECB's Lane will be speaking on monetary policy on Wednesday. de Guindos also speaking.Reuters poll: RBA expected to cut rates in August, more easing likely by year-endUBS: Emerging market stocks not fully pricing in tariff risksReserve Bank of Australia Assistant Governor (Economic) Hunter speaking soonReserve Bank of New Zealand (RBNZ) leaves rates unchanged, as expectedChina June CPI +0.1% y/y (expected +0.0%)Hassett emerging as serious contender to be next Fed chair (not a typo)PBOC sets USD/ CNY central rate at 7.1541 (vs. estimate at 7.1806)More on Trump's 50% copper tariff rate to hit within just 30 daysNissan halts production of three models for Canada at two US plants due to tariffsU.S. tariff revenue could reach $300 billion this year, says BessentReports are that Trump's 50% tariff rate will come into effect within just 30 daysRBA Deputy Governor Andrew Hauser: Enormous amount of uncertainty in global economyTrump says releasing tariff details for 7 or more countries Wednesday morningRBA Deputy Governor Andrew Hauser speech makes no mention of current monetary policyGold ETFs see largest inflows in five years amid trade war concerns: WGCICYMI - Goldman Sachs ramped up its forecasts for the S&P 500, to 6600 from 6100J.P. Morgan revises EMFX overweight call, citing overbought signalsOil: private survey of inventory shows a headline crude oil build vs draw expectedWallStreetJournal:Latest Trump threats could lift tariff rate closer to 20%, Deutsche BankForexlive Americas FX news wrap 8 Jul: USD mixed as markets continued to digest tariffsBoJ official says recent rises in Japan’s food, rice prices stronger than expectedTrade ideas thread - Wednesday, 9 July, insightful charts, technical analysis, ideasThe USD gained ground during the session, with USD/JPY notably climbing above 147.00. Trump again took to social media to discuss tariffs, saying he would release details on new tariffs targeting seven or more countries on Wednesday morning (U.S. time), with additional announcements expected in the afternoon.A few events from the session are worth highlighting:A private survey of U.S. oil inventories showed a large build, in stark contrast to the draw that had been expected. The official government data is due during U.S. hours—let’s see if the surprise is confirmed.From China, June inflation data showed y/y CPI rising for the first time in five months, though only by 0.1%. Meanwhile, PPI deteriorated sharply, falling 3.6% y/y—its biggest drop since July 2023.The Reserve Bank of New Zealand left its cash rate unchanged at 3.25%, as expected. In its statement, the RBNZ noted that if medium-term inflation pressures continue easing as projected, the policy committee anticipates further rate cuts. NZD/USD initially popped higher but later gave up gains as broader U.S. dollar strength returned.The Wall Street Journal reported that Trump adviser Kevin Hassett is emerging as a serious contender for the next Federal Reserve Chair, having met with Trump twice in June to discuss the role.In geopolitics:The White House is considering sending another Patriot air defence system to Ukraine.Taiwan launched its largest-ever military drills, underscoring growing tensions in the region. This article was written by Eamonn Sheridan at www.forexlive.com.