Live Updates

26

Aug 2025
Morgan Stanley updated its forecast, anticipating two rate cuts from the Fed by year-end

Morgan Stanley now expects two Fed rate cuts in 2024, followed by quarterly reductions through 2026.

26

Aug 2025
European trading appears quiet with only the French consumer confidence report impacting markets today

French consumer confidence, Fed governor dismissal, and yield curve steepening shape today’s calm yet watchful markets.

26

Aug 2025
The yield curve is steepening, indicating inflation concerns despite the Fed’s dovish stance and upcoming cuts

US yield curve steepens as markets anticipate rate cuts; inflation concerns boost gold’s appeal as hedge.

26

Aug 2025
A Japanese trade negotiator remained silent regarding a proposed $550 billion US investment package

Japan’s Akazawa avoids confirming $550B US investment; seeks reduced tariffs amid ongoing trade talks.

26

Aug 2025
The dollar recovers as Fed governor Cook defies Trump’s authority amid ongoing legal challenges

Dollar stabilizes after early losses; markets react to Trump’s unprecedented move to oust Fed governor Cook.

26

Aug 2025
Trump’s announcement led to a plummeting dollar and rising gold, impacting various currencies universally

Trump’s firing of Fed Governor Cook spurred dollar drop, gold surge, and questions about Fed independence.

26

Aug 2025
Concerned about currency fluctuations, Japan’s finance minister emphasised the need for stable movement reflecting fundamentals

Japan’s Finance Minister Kato urges yen stability, monitors debt strategies, and anticipates tax reform discussions.

26

Aug 2025
The RBA anticipates needing to further cut the cash rate over the next year due to economic conditions

RBA lowers rate to 3.60%, signals data-dependent cuts amid inflation, labour market, and global risks.

26

Aug 2025
The US dollar plummeted after Trump dismissed Federal Reserve Governor Cook through social media messages

Trump dismisses Fed Governor Cook, shaking markets; dollar weakens as gold and major currencies strengthen.

26

Aug 2025
The PBOC sets the USD/CNY reference rate at 7.1188, differing from the estimated 7.1670

PBOC sets USD/CNY lower than expected, drains liquidity with net 174.5bn yuan through reverse repos.

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