Live Updates

14

Aug 2025
Citi analysts believe the People’s Bank of China will cautiously approach interest rate cuts despite weakness

PBOC remains cautious on rate cuts amid weak lending, stable GDP growth, and declining corporate borrowing.

14

Aug 2025
The Australian dollar rose sharply due to strong full-time employment data and stable wages reports

Australia added 60,500 full-time jobs in July; stable wages may slow Reserve Bank’s rate cuts.

14

Aug 2025
Today, the PBOC set the USD/CNY rate at 7.1337, stronger than the previous closing rate

Yuan strengthens to highest level since November; PBOC drains liquidity through net reverse repo operations.

14

Aug 2025
The yen strengthens while the Nikkei falls, amid growing concerns over Japan’s inflation targets

Japan’s Nikkei drops 1% amid a stronger yen and speculation on Bank of Japan rate hikes.

14

Aug 2025
The pound strengthens against the dollar due to contrasting central bank policies and economic data

Sterling strengthens as diverging central bank policies favor Bank of England; cautious optimism amid fragile UK growth.

14

Aug 2025
The expected USD/CNY reference rate from the PBOC is 7.1743, according to Reuters analysts

The PBOC sets the yuan’s daily midpoint, guiding trading within a +/- 2% managed floating range.

14

Aug 2025
Following Wall Street’s performance, Australia’s stock market opened higher, with broad-based gains across sectors

Australian equities rose Thursday; ASX200 gained 0.6% as financial stocks led broad sector advancements.

14

Aug 2025
JPMorgan advises that tariffs may hinder economic growth and elevate inflation to unprecedented levels

JP Morgan warns tariffs may cut US GDP by 1% and raise inflation amid rising consumer costs.

14

Aug 2025
MUFG predicts the dollar will weaken as carry trades benefit from low volatility and rate cut expectations

Dollar holds risk premium amid Fed leadership uncertainty, while low volatility boosts carry-trade currencies’ appeal.

13

Aug 2025
Bitcoin surpassed US$123K while Ethereum exceeded US$4700, buoyed by potential Fed rate reductions

Bitcoin jumps over $123,000 with Ethereum above $4,700 amid Fed rate cut speculation and market optimism.

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