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Jinse Finance reported that the US Dollar Index fell by 0.04% on the 29th, closing at 97.771 in the foreign exchange market.

Jinse Finance reported, citing foreign media, that on Friday, Trump administration officials told the Federal Circuit Court of Appeals that ruling Trump's global tariffs illegal would severely damage U.S. foreign policy. Treasury Secretary Bessent warned that this would bring "dangerous diplomatic embarrassment." The White House submitted statements from Bessent, Commerce Secretary Lutnick, and Secretary of State Rubio to the Federal Circuit Court of Appeals in Washington. The court is expected to soon rule on whether Trump exceeded his authority to impose tariffs under the 1977 Emergency Powers Act. During oral arguments on July 31, judges expressed skepticism about the government's claim of broad tariff powers, suggesting they might support the challenge brought by a group of small businesses and a coalition of Democratic-led states. Several cabinet ministers stated that if the tariffs are ruled invalid, it would overturn the results achieved after months of negotiations with countries such as the EU, Japan, and South Korea. "Suspending the effectiveness of the tariffs would expose the United States to the risk of retaliation from other countries, as they would believe the U.S. lacks the ability to respond quickly to retaliation," Bessent said.