Live Updates

14

Jul 2025
The USD weakened, while the EUR and JPY strengthened; AUD and NZD declined amidst mixed performance

Trump announces 30% EU tariff; EU pauses retaliation as USD dips, EUR rises, markets respond cautiously.

14

Jul 2025
Concerns over oil supply arise due to Trump’s increased criticism of Putin regarding the Ukraine conflict

Oil prices steady as traders await possible U.S. sanctions on Russia amid renewed geopolitical tensions and uncertainty.

14

Jul 2025
The PBOC established the USD/CNY rate at 7.1491, below the anticipated 7.1744 value

PBOC sets yuan midpoint at 7.1491, injects 119.7 billion yuan via reverse repos to support liquidity.

14

Jul 2025
China’s economy is predicted to exceed its growth target due to strong exports and fiscal measures

China’s Q2 2025 GDP projected at 5.1%, driven by exports and domestic demand; stimulus pause likely.

14

Jul 2025
Elon Musk announced that shareholders will decide on Tesla’s potential investment in xAI

Tesla shareholders to vote on potential investment in Elon Musk’s AI start-up, xAI, behind Grok chatbot.

14

Jul 2025
Reuters predicts the PBOC will set the USD/CNY reference rate at 7.1744 today in China

PBOC sets daily yuan midpoint, allowing ±2% fluctuation; intervenes if volatility risks economic stability.

14

Jul 2025
The trade ministry revealed Singapore’s GDP grew faster than anticipated, avoiding recession following contraction

Singapore’s economy grew 1.4% in Q2 2025, outperforming expectations and rebounding from earlier contraction.

14

Jul 2025
Japanese Core Machinery Orders decreased by 0.6% month-on-month, while year-on-year growth was 4.4%

Japan’s core machinery orders dipped 0.6% in May but outperformed forecasts, indicating stabilizing capital spending.

14

Jul 2025
Discussions on trade are ongoing between Trump, the EU, and South Korea, according to reports

Trump imposes 30% EU tariff; EU leaders seek resolution as markets dip and geopolitical tensions rise.

14

Jul 2025
Sovereign wealth funds are increasingly investing in China, private credit, and digital assets amidst volatility

Sovereign wealth funds shift strategies amid uncertainty, boosting China investments and exploring private credit and digital assets.

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