Live Updates

8

Aug 2025
The PBOC’s USD/CNY reference rate stands at 7.1382, lower than the forecasted 7.1742

PBOC manages yuan’s exchange rate, injects liquidity via reverse repos, resulting in slight net drain.

8

Aug 2025
The CEO of SMIC indicated that demand surpasses supply, while rush order volume may decrease.

SMIC sees continued strong demand, though order surges may slow in Q4 amid shifting trade policies.

8

Aug 2025
Progress has been made by the Japanese trade envoy regarding US tariff corrections and refunds

U.S. agrees to amend tariff order, capping duties at 15% and refunding excess to Japanese exporters.

8

Aug 2025
Economists predict RBA will reduce rates to 3.60% in August and possibly to 3.35% later

RBA to cut rate to 3.60% amid soft inflation, rising unemployment, and slowing household spending trends.

8

Aug 2025
Reuters expects the PBOC to set the USD/CNY reference rate at 7.1742 around 0115 GMT

PBOC sets yuan midpoint daily, guiding currency within a 2% band and intervening during volatility.

8

Aug 2025
The Bank of Japan sees divided opinions on rate hikes due to inflation and trade uncertainties

BoJ policymakers debate rate hike timing, citing inflation, global risks, and economic uncertainties amid recovery challenges.

8

Aug 2025
At the July meeting, the Bank of Japan maintained interest rates amidst uncertain economic conditions and inflation

BOJ keeps rates at 0.5%, citing inflation, global risks; debates continue on future economic policy shifts.

8

Aug 2025
Japan’s June household spending rose 1.3% yearly, below expectations, amidst declining inflation-adjusted wages

Japan’s household spending rose slightly, missing forecasts, as inflation-adjusted wages fell for a sixth month.

7

Aug 2025
Tariff increases are projected to halve oil demand growth for 2025, according to S&P Global

Higher tariffs could sharply reduce 2025 global oil demand, with major markets like India seeing slower growth.

7

Aug 2025
Following a split vote, the Bank of England’s actions may boost the pound’s value further

Bank of England’s cautious cut, divided vote, and Fed expectations may boost GBP against weakening USD.

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