Live Updates

28

Jul 2025
The PBOC sets the yuan’s reference rate at 7.1467, below the market expectation of 7.1653

PBOC sets yuan reference below expectations, injects net 325.1 billion yuan via 7-day reverse repos.

28

Jul 2025
A major global company has contracted Samsung Electronics for US$16.5 billion in semiconductors

Samsung secures $16.5 billion semiconductor deal with undisclosed global firm, boosting production ambitions through 2033.

28

Jul 2025
The USD/CNY reference rate is projected by Reuters at 7.1653, set by the PBOC

The PBOC manages yuan’s value daily, using a midpoint and interventions to maintain stable exchange rates.

27

Jul 2025
Increased hedging by Australian pension funds may drive demand for the local currency, boosting AUD

Increased hedging by Australian pension funds is boosting AUD demand, potentially raising its value significantly.

27

Jul 2025
Oil prices are influenced by surplus concerns while currently hovering around $70 per barrel

Oil prices near $70 may decline, as forecasts predict surplus supply and slowing demand in coming months.

27

Jul 2025
Following the EU/US trade tariff framework announcement, EUR/USD experienced slight upward movement before stabilising.

Trump and EU President von der Leyen agree on trade tariffs; markets react with cautious optimism.

27

Jul 2025
An official stated that aircraft tariffs will remain at zero until the investigation concludes, steel tariff stays at 50%

US-EU trade talks ongoing; aircraft tariffs paused pending investigation, while 50% steel tariffs remain unchanged.

27

Jul 2025
US equity futures rise as trade deal with the EU leads to increased market optimism and tariffs

US and EU agree on trade deal framework; equity futures rise, Euro strengthens, China talks to follow.

27

Jul 2025
The EU president described the trade deal as a stabiliser amidst potential higher tariffs from the US

EU and US agree on trade framework, capping tariffs at 15%, aiming to avoid trade conflict.

27

Jul 2025
In June, China’s industrial profits decreased 4.3%, impacted by weak demand and persistent deflation

China’s industrial profits decline amid weak demand, deflation, and price wars; Beijing plans supportive measures.

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