EUR/USD
1.15329
0.017%
Gold
4067.90
0.420%
Oil
78.389
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156.527
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GBP/USD
1.34702
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210.850
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Real-time News
August 3 – Strategists suggest the U.S. Treasury may use euros instead of dollars to fund its yen-buying program to avoid currency depreciation and jeopardize its strong dollar policy. Two sources familiar with the matter revealed that the Federal Reserve Bank of New York requested inquiries from at least two major U.S. banks last Friday regarding the yen-euro exchange rate. “The U.S. likely doesn’t want to appear to be selling dollars,” said David Forrest, senior strategist at Credit Suisse in Singapore. He added, “The U.S. maintains a strong dollar policy because they don’t want to be seen as trying to gain a competitive advantage by weakening their own currency, as this would violate the G20 consensus on foreign exchange policy.” “It wouldn’t look good for the U.S. Treasury to sell dollars, hence the choice to use euros,” said Jason Wang, currency strategist at Bank of New Zealand in Wellington. He noted, “The end result is essentially the same, because the funds will need to be reallocated back to euros at some point in the future, which could mean the U.S. will eventually sell dollars, just in a less transparent way.”Euro Stoxx 50 futures and German DAX futures both rose by more than 1%.August 3rd - It has been learned that Ant Groups AI subsidiary, Ant Lingbo Technology, may be launching an independent financing round. This marks the official transition of this "physical AI special forces" backed by Ant Group from being wholly incubated by the group to facing scrutiny from the external capital market. The aforementioned source revealed to Blue Whale Technology that the core reason for Ant Lingbos independent financing is the internal resource constraints within the group: "Ant Group has invested heavily in AI, and its computing power budget is facing pressure."Biren Technology (06082.HK) announced that it has completed the "Day0" adaptation and optimization of MiniMax H3 on the flagship general-purpose GPU product Biren series based on the SGLang inference framework.The China Earthquake Networks Center officially reported that a magnitude 3.6 earthquake occurred at 11:11 on August 3 in Gao County, Yibin City, Sichuan Province (28.54 degrees north latitude, 104.67 degrees east longitude), with a focal depth of 5 kilometers.
