Live Updates

3

Jul 2025
The PBOC’s reference rate for USD/CNY stands at 7.1523, stronger than the previous close

Yuan strengthens as PBOC sets midpoint; injects liquidity amid large maturity, causing net liquidity drain.

3

Jul 2025
According to Takata, the BoJ is merely pausing rate hikes before shifting policies further

BoJ pauses rate hikes, monitors inflation and US tariffs; yen fluctuates amid corporate profit and wage growth.

3

Jul 2025
Japan’s final Services PMI reached 51.7, marking three months of growth with improved business confidence

Japan’s services PMI rose to 51.7 in June, with employment and business confidence both improving notably.

3

Jul 2025
In June, China’s Services PMI decreased to 50.6, falling short of the anticipated 51

China’s June services PMI dips to 50.6, modestly impacting AUD amid broader economic and trade considerations.

3

Jul 2025
The transition away from US dollar prominence will occur gradually amid global uncertainties and no alternatives

Key themes include global trade shock responses, gradual US dollar decline, and challenges in shifting reserve currencies.

3

Jul 2025
The Caixin Services PMI for China was reported at 50.6, disappointing analysts’ forecast of 51

China services growth slows; Euro, Pound steady; Gold lacks momentum; Bitcoin Cash rises; oil markets tense.

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