Live Updates

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.

13

Aug 2025
Concerns over tax and rate uncertainties caused a slowdown in the UK housing market performance

UK housing market slows in July; tax hike concerns and declining rentals pressure buyer demand and prices.

13

Aug 2025
A survey indicates Japanese firms mostly support the US tariff agreement, anticipating further price increases.

Three-quarters of Japanese firms support the new US-Japan tariff deal, despite earnings and pricing concerns.

13

Aug 2025
Jerome Powell faces two disappointing options at Jackson Hole, with market expectations hanging in balance

Jerome Powell may temper expectations for a large rate cut at Jackson Hole, potentially disappointing markets.

13

Aug 2025
Trump is mulling Rick Rieder’s candidacy for Fed Chair due to his 50bp cut proposal

Rick Rieder sees potential 50 basis point Fed rate cut in September amid moderating U.S. inflation trends.

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