Live Updates

24

Jul 2025
The PBOC’s USD/CNY midpoint is 7.1385, lower than the expected 7.1503, with 331bn yuan injected.

PBOC sets weaker yuan reference rate, injects liquidity via reverse repos to manage market stability.

24

Jul 2025
Japan’s manufacturing activity contracted in July, while its services sector performed strongly amidst domestic demand

Japan’s manufacturing contracts in July amid U.S. trade uncertainty; services grow on strong domestic demand.

24

Jul 2025
Trade discussions between South Korea and the U.S. were cancelled because of scheduling conflicts

South Korea cancels 2+2 trade talks with U.S. over scheduling conflict; plans to reschedule soon.

24

Jul 2025
Lisa Su, AMD’s CEO, noted U.S.-made chips may be 5% to 20% pricier than Taiwanese ones

TSMC’s Arizona-made chips to cost 5–20% more; AMD supports resilient, U.S.-based semiconductor supply chain.

24

Jul 2025
Bessent anticipates a new nominee for Fed Chairman to be revealed in December or January

A new Fed Chair nominee may emerge by January, amid tensions between Trump and current leadership.

23

Jul 2025
In Asian morning trade, AUD/USD reached 0.6604 as other currencies also appreciated against USD

AUD/USD hits 8-month high at 0.6604, boosted by strong PMI data and weaker U.S. dollar.

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