US Supreme Court will not rule today on the US Trump tariff case

Newsquawk Staff · 9 Jan 2026, 15:22 UTC

US Supreme Court will not rule today on the US Trump tariff case.

What it means

The US Supreme Court's decision not to rule today on the Trump tariff case leaves a cloud of uncertainty over trade policies. This development may not lead to immediate market movements but could heighten tensions in trade discussions, impacting forex volatility particularly for the USD and other currencies involved in international trade. Traders should monitor how this plays into broader geopolitical sentiment and commodity prices in the days ahead as market players digest the implications.

What our latest note said

US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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FX headlines from our feed, and what the market did next.

Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
EUR/USD+0.1%
ECB policymakers see a December rate hike followed by a pause; New ECB staff estimates show the rise in bond yields cutting growth by a cumulative 100bps and inflation by 90bps in 2027-28 vs the September baseline, according to reports, citing sources.
EUR/USD−0.1%
ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
EUR/USD+0.1%

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