America is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs were due to kick in, Treasury Secretary Scott Bessent said.

The U.S. dollar hovered near its lowest since 2021 against the euro and the weakest since 2015 versus the Swiss franc on Monday, with traders alert for any trade-related headlines in the countdown to President Donald Trump's tariff deadline.

President Trump’s new tariffs targeting individual countries will take effect August 1, providing some extra time for negotiations, Commerce Secretary Howard Lutnick confirmed, according to multiple press reports.

All three major U.S. indexes ended higher last week, notching three record closing highs despite an abbreviated trading week.

U.S. President Donald Trump on Sunday said some trade deals had been made with trading partners and letters would go out to other countries notifying them of higher tariff rates.