China is preparing to roll out annual cash payments of 3,600 yuan ($503) per child under age three, born from January 1, 2025: a nationwide […]
PBOC sets USD/ CNY reference rate for today at 7.1535 (vs. estimate at 7.1688)
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). […]
Yen adding on a few points after the spectacular beat for Japan household spending data
USD/JPY is dribbling a little lower after the stunning beat for this data, both y/y and m/m: Japan data – May household spending +4.7% y/y […]
China’s Wang Yi downplays EU concerns over rare earth export controls
China’s Foreign Minister Wang Yi, speaking in Berlin, addressed EU concerns over rare earth export controls: “Rare earths have not been, are not, and will […]
US Congress: House declares July 14 week “crypto week”, to advance key digital asset bills
House leaders have designated the week of July 14 as “Crypto Week”, when three major cryptocurrency-related bills will be brought to a vote: the CLARITY […]
Trump says will begin sending letters on trade tariffs starting Friday
Trump says will begin sending letters on trade tariffs starting Friday Trump says there has been no progress with Putin (Iran, Ukraine) more to come […]
Poll: Analysts expect the Reserve Bank of New Zealand to hold rates at 3.25% on July 9
Reuters poll finds the Reserve Bank of New Zealand is expected to hold rates at 3.25% on July 9 according to 19 of 27 economists: […]
Oil settles lower on Friday but climbs $2 on the week
Oil will be in focus next week with OPEC+ meeting and likely to announce the return of another 144K bpd. That process should continue until […]
Bessent: Expect to see about 100 countries get minimum 10% reciprocal tax
Expect to see about 100 countries get minimum 10% reciprocal taxWe are going to be announcing several deals This is news. That puts the floor […]
US major indices close solidly higher in holiday shortened session
The major stock indices closed solidly higher with the NASDAQ index leading the way. The US jobs data was stronger than expectations but with the […]