US futures rise on Trump tariff updates with FOMC minutes ahead

US equity futures advanced as markets digested updates on potential Trump administration tariff policies, creating a risk-on environment that typically weakens safe-haven currencies like USD, JPY, and CHF. The positive sentiment in equities suggests reduced concerns about aggressive protectionist measures that could disrupt global trade flows. Traders are positioning ahead of the FOMC minutes release, which could provide crucial insights into the Federal Reserve's thinking on monetary policy trajectory. Any hawkish surprises in the minutes could strengthen the dollar and reverse current risk-on flows. The combination of trade policy clarity and pending Fed communications creates a volatile environment for major currency pairs. Market participants are particularly focused on how the Fed views recent economic data and whether committee members see scope for policy adjustments in upcoming meetings.