EUR/USD
1.14309
-0.045%
Gold
4155.49
-0.462%
Oil
68.718
-0.004%
USD/JPY
161.945
0.363%
GBP/USD
1.33419
-0.079%
GBP/JPY
216.070
0.284%
Real-time News
On July 6th, Jeff, senior macro strategist at BNY Mellon, pointed out that weaker U.S. labor market data and improved inflation data have reduced the urgency for further tightening by the Federal Reserve, but this does not address whether the slowdown in growth is under control or whether policy expectations have been over-adjusted. He stated, "The global narrative is becoming less unified." In the U.S., the question is whether the Fed can remain patient if inflation risks do not re-emerge; while in Europe, the focus is shifting from emergency inflation management to issues such as economic growth, fiscal credibility, and defense financing.The yield on Japans 5-year government bond rose 2.0 basis points to 1.940%.July 6th - SMBC Nikko Securities economist Yoshimasa Maruyama stated that the Bank of Japans first-quarter output gap estimate showed a stable positive trend, which is conducive to pushing inflation higher. He pointed out that this data can be seen as a reason to support further interest rate hikes. However, he added that the positive output gap has not widened, indicating that there is currently no urgent need to accelerate the pace of monetary tightening. "If a faster pace or larger magnitude of interest rate hikes is needed in the future, it may stem from the lagged but significant transmission effect of inflationary pressures caused by the situation in the Middle East, or from rising inflation expectations," he said.The South Korean government will expedite the construction of the chip factory project in Yongin.New York gold futures rose more than 1.00% on the day, currently trading at $4,167.10 per ounce.
