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Reason for this fall:
1. The unexpected rebound in the U.S. core PCE inflation in June is unfavorable for interest rate cuts.
2. Trump modified the tariff rates, increasing the tariff on Canada from 25% to 35%, with the higher tariffs taking effect on August 1, 2025.
3. Iran said the U.S. must compensate for the losses during the Israel-Iran conflict before nuclear negotiations can resume.
The contract master AguilaTrades faced a fall in long positions, losing 40 million dollars including the principal.