Live Updates

12

Aug 2025
In July 2025, New Zealand retail sales increased by 0.2% month on month, year-on-year growth at 1.7%

New Zealand’s July 2025 retail sales rose 0.2%, signaling recovery; NZD/USD remained stable.

12

Aug 2025
Rabobank predicts a decline in sterling, estimating EUR/GBP will reach 0.87 soon, 0.88 later

Rabobank forecasts weaker pound, sees euro/pound at 0.88 in six months amid UK stagflation concerns.

12

Aug 2025
UBS predicts the Federal Reserve will initiate 100 basis points of rate cuts starting in September

UBS anticipates rate cuts starting September as inflation moderates and economic growth slows into 2026.

12

Aug 2025
Goldman Sachs indicates US inflation data favours a Fed rate cut to mitigate economic risks

Goldman Sachs sees tariff-driven inflation as temporary; job market concerns may prompt September rate cut.

12

Aug 2025
The Hong Kong Monetary Authority intervened in forex markets, purchasing over 7 billion HKD to stabilise currency

HKMA sells U.S. dollars to support weaker Hong Kong dollar, maintaining currency within its trading band.

12

Aug 2025
Markets remained optimistic despite rising inflation; major indices reached record highs and dollar declined

July CPI rose less than expected; core inflation strong. Markets rallied; Fed rate cut odds increased significantly.

12

Aug 2025
The Richmond Fed president believes inflation will be lower, as consumers face tighter budgets

Consumers feel more financial strain, shifting to cheaper goods; inflation may moderate as cautious spending increases.

12

Aug 2025
A private survey indicates an unexpected increase in crude oil inventory compared to forecasts

API survey shows slight crude drop, distillates rise; EIA’s full report to confirm oil inventory trends.

12

Aug 2025
US indices experienced remarkable gains, with the NASDAQ and S&P achieving all-time highs.

US stocks surged over 1%, with the Russell 2000 leading; airline shares jumped on rising airfares.

12

Aug 2025
Bessent advises a 0.5% interest rate reduction in September during a Fox Business interview with hopes for Miran’s confirmation

Push for 0.5% Fed rate cut grows; new appointment, China talks, and tariff issues in focus.

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