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4

Jul 2025
The People’s Bank of China established the USD/CNY central rate at 7.1535, slightly higher than before

PBOC sets USD/CNY rate slightly higher, balances economic growth, state control, and unique monetary tools.

4

Jul 2025
A majority of economists predict a 25 basis point RBA cash rate cut next week

Most economists expect a rate cut as the RBA responds to easing inflation and a slowing economy.

4

Jul 2025
In May, Japan’s household spending rose to 4.7%, surpassing the predicted 1.2% increase

Japan’s household spending surges; gold and crypto climb; forex markets steady amid US holiday and uncertainty.

4

Jul 2025
Wang Yi reassured Europe regarding rare earth exports, dismissing concerns over trade tensions and controls

Wang Yi assures rare earth exports won’t hinder China-Europe ties; fast-track approvals aim to ease concerns.

4

Jul 2025
Increased from 5.7 billion to 10.14 billion, South Korea’s current account balance rose

South Korea’s May current account surplus doubled, indicating strengthened trade performance and improving economic conditions globally.

4

Jul 2025
Barclays projects Brent crude oil will reach $72/bbl by 2025, easing geopolitical tensions influencing demand

Barclays raises oil demand forecast; cuts Brent outlook to $72 in 2025 amid easing geopolitical tensions.

4

Jul 2025
The Euro declines against the US Dollar after US employment data supports prevailing Fed policy

Euro declines as strong US jobs data boosts dollar; ECB and upcoming EU data remain in focus.

4

Jul 2025
The Hong Kong Monetary Authority has intervened, purchasing HKD to stabilise its value against the USD

HKMA intervenes as Hong Kong dollar hits weak limit, maintaining peg through currency board and liquidity actions.

4

Jul 2025
Trump plans to send letters detailing trade tariffs, finding it simpler than securing agreements while noting no progress with Putin

Trump to dispatch tariff letters Friday; reports no progress with Putin on Iran and Ukraine discussions.

4

Jul 2025
US non-farm payrolls exceeded expectations, while markets responded with mixed reactions across currencies and commodities

US payrolls exceeded forecasts; jobless claims fell. Markets rose, crude dipped, gold declined, USD strengthened.

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