EUR/USD
1.16754
0.355%
Gold
4597.72
2.000%
Oil
58.635
0.029%
USD/JPY
158.010
0.083%
GBP/USD
1.34643
0.435%
GBP/JPY
212.760
0.522%
Real-time News
The Iranian Foreign Minister discussed the protests in Iran with U.S. Special Envoy Witkov.January 12th - JPMorgan Chases securities trading division stated that the Trump administrations latest challenges to the Federal Reserves independence pose a threat to the US stock market, at least in the short term. News of a potential criminal investigation into the Fed impacted US markets Sunday night, causing stock index futures and the dollar to fall, with funds flowing into safe-haven assets such as gold. Andrew Taylor, JPMorgan Chases global head of market intelligence, said, "While macroeconomic and corporate fundamentals support a tactical bullish stance, the risks to the Feds independence are creating downward pressure on the market, so we remain cautious in the very short term. The risks surrounding the Feds independence could push US markets to underperform in the short term."On January 12th, it was reported that Bank of Communications received approval to acquire and restructure one of its rural banks, becoming the first state-owned bank to convert a rural bank into a branch bank in the new year, and the tenth such conversion since last year. Since 2025, in addition to Bank of Communications, Industrial and Commercial Bank of China and Agricultural Bank of China have also begun converting their rural banks into branches. Many industry insiders interviewed believe that with the Central Economic Work Conference setting the tone for "reducing the number and improving the quality" of small and medium-sized financial institutions, the reform and risk mitigation of small and medium-sized banks will accelerate this year, with mergers and acquisitions remaining the mainstream model. Data shows that more than 450 small and medium-sized banks will exit the market in 2025, of which more than 280 are rural banks, with Inner Mongolia, Shandong, and Hubei experiencing the largest reductions.On January 12th, Jane Foley, head of foreign exchange strategy at Rabobank, stated in a report that the US dollar is expected to face greater volatility this year as political pressure on the Federal Reserve rises. Markets are concerned that the Fed may lose its independence due to government demands for interest rate cuts and pressure on current Chairman Powell. However, Foley pointed out that some argue that with inflation remaining high, other FOMC members could provide a check on a Fed chairman who favors rate cuts. Foley stated that uncertainty surrounding the Feds future credibility may put downward pressure on the dollar, "but not to the point of triggering an out-of-control decline."Mexican President Simbaum: Had a “good conversation” with US President Trump.
