India, July 25 -- The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Friday, as traders are cautious and optimistic that the U.S. will sign up more deals with its remaining trading partners before President Donald Trump's Aug. 1 deadline. The UK, China, Vietnam, and Indonesia have already struck deals, while Canada, India, South Korea, and the EU are ramping up their efforts.
Trader caution remains heightened by persistent uncertainty regarding the Federal Reserve's rate-cutting path and growing concerns regarding its independence in the face of growing political interference.
The market was given a geopolitical undertone by the increase of...