EUR/USD
1.15330
0.018%
Gold
4062.09
0.277%
Oil
78.376
-5.729%
USD/JPY
156.408
-1.739%
GBP/USD
1.34712
-0.036%
GBP/JPY
210.705
-1.774%
Real-time News
Iraqs national oil marketing organization SOMO has asked long-term buyers to book Basra crude oil for shipment in August.August 3rd - According to an analysis by the Financial Times, wildfires and heat waves sweeping across France, Spain, and other parts of Europe have already caused over €3 billion in losses this year, highlighting the escalating damage caused by climate change-induced fires. In the first two months of the fire season alone, nearly 500,000 hectares of land were burned, with the five hardest-hit eurozone countries (including Portugal, Greece, and Romania) alone suffering losses of €3.1 billion. This figure far exceeds the European Commissions estimate of an average annual loss of €2.5 billion for the EU.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."
