Live Updates

7

Jul 2025
The PBOC established the USD/CNY midpoint at 7.1506, surpassing the anticipated 7.1626 value

PBOC sets strongest yuan midpoint since November, injects liquidity via reverse repos, resulting in net drain.

7

Jul 2025
OPEC+ unexpectedly increased oil output, prompting analyst concerns about market share competition and price declines

OPEC+ boosts oil output amid stable outlook, accepting price risks to recapture market share dominance.

7

Jul 2025
The USD/CNY midpoint rate is projected by Reuters at 7.1626, set by PBOC

PBOC sets yuan midpoint daily, allowing ±2% fluctuation; aims to stabilize currency with possible interventions.

7

Jul 2025
Many analysts foresee the Reserve Bank of Australia maintaining its cash rate amid inflation concerns

Most analysts expect a rate cut, but inflation and tight labor market may prompt RBA to pause.

7

Jul 2025
Intensive discussions occurred between Japan’s Akazawa and U.S. Lutnick to prevent tariff increases and Japan stays committed to negotiations

Japan and U.S. hold vigorous trade talks as July 9 tariff deadline looms; Japan vows no compromise.

7

Jul 2025
Makhlouf stated Europe isn’t prepared for the euro to overtake the US dollar as reserve currency

Europe must fortify integration and create safe assets before the euro can rival the dollar as reserve currency.

7

Jul 2025
China is shifting exports through South-East Asia to evade US tariffs while maintaining export growth

Chinese firms reroute exports via Southeast Asia to avoid US tariffs; overall exports and tariffs both rise.

7

Jul 2025
Following an unexpected output increase by OPEC+, oil prices dropped over 1% at the open

Oil prices fell after OPEC+ announced increased output; geopolitical tensions in the Red Sea intensify instability.

7

Jul 2025
Howard Lutnick announced new tariffs will commence on August 1, with Trump finalising agreements soon

New tariffs begin 1 August; Trump finalizing rates, with notifications to nations sent on Monday.

7

Jul 2025
Trump indicated he may issue tariff letters soon, emphasising fixed tariffs over lengthy negotiations

Trump pushes tariff letters, eyes deals by July 9; warns of increases if talks fail by August 1.

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