The PBOC sets the yuan’s daily midpoint, allowing a 2% trading band and intervening to stabilise fluctuations.
The yen weakens as Japan’s 10-year bond yield hits 1.5%, its highest level since 2009.
Roberto Perli stated balance sheet reduction continues smoothly, with no short-term pause expected despite policy uncertainties.
Germany may ease fiscal rules for military and infrastructure, while US tariffs could impact euro strength and EUR/USD trends.
Roberto Perli manages the Fed’s $6.8 trillion portfolio, overseeing monetary policy, balance sheet reduction, and market liquidity.
Trump considers agricultural tariff exemptions for Mexico and Canada, marking a shift that impacts business confidence and economics.
The CBA forecasts three RBA rate cuts in 2025—May, August, and November—amid easing inflation pressures.
China urges cooperation on fentanyl but warns of retaliation if the U.S. chooses a confrontational approach.
Canada may use oil and gas exports in response to US tariffs, first imposed by former President Trump.
Discussions on tariffs with the USA are ongoing, with updates expected after the stock market closes.
Insights 
VT 
