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12

Aug 2025
The PBOC established the USD/CNY rate at 7.1418, surpassing projections of 7.1901.

PBOC sets stronger yuan midpoint, drains liquidity with net 46.1B yuan pullback via maturing repos.

12

Aug 2025
The PBOC is anticipated to establish the USD/CNY reference rate at 7.1901, according to Reuters estimate

The PBOC sets a daily midpoint for the yuan, allowing controlled fluctuations within a 2% trading band.

12

Aug 2025
Singapore’s Q2 economy grew 4.4% annually, surpassing estimates, while 2025’s GDP forecast was raised

Singapore’s economy grows 4.4% in Q2; 2025 GDP forecast revised amid uncertain global outlook.

12

Aug 2025
Trump has prolonged the suspension of tariffs on China for an additional 90 days.

Trump extends China tariff suspension; Nikkei hits record; UPS drops; recession signs emerge; Fed under pressure.

11

Aug 2025
Economists predict GBP weakening against EUR due to rate cuts, with limited decline against USD

Bank of England to cut rates quarterly until 2026; weaker pound expected amid disinflation and uncertainty.

11

Aug 2025
Retail sales in the UK increased, influenced by warm weather and rising food costs, though momentum decreased.

UK retail sales rose in July, driven by warm weather, higher food prices, and growing clothing demand.

11

Aug 2025
MUFG indicates rising inflation might hinder a Federal Reserve rate cut, causing the dollar to increase

US inflation rebound risks delaying Fed rate cuts, strengthening dollar amid tariff-driven CPI concerns.

11

Aug 2025
Citi suggests the upcoming CPI report may trouble the Fed regarding inflation and tariffs

Citi warns CPI report may challenge Fed policy; core goods inflation and tariffs drive concern.

11

Aug 2025
JPMorgan cautions that persistent inflation may suppress bond profits and weaken the dollar over time

Rising inflation may limit Fed rate cuts, dampen bond gains, and weaken the US dollar, warns JPMorgan.

11

Aug 2025
Goldman Sachs predicts a further 70% rise in consumer costs due to tariffs impacting markets

Consumer costs may rise 70% by autumn as tariffs impact companies, exporters, and consumer behavior differently.

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