EUR/USD
1.15137
0.105%
Gold
4305.94
1.132%
Oil
74.508
-0.580%
USD/JPY
160.600
-0.034%
GBP/USD
1.33004
0.058%
GBP/JPY
213.609
0.022%
Real-time News
Google: We believe that certain provisions of the EU’s Cloud and Artificial Intelligence Development Act should be amended to avoid unintended market isolation.Google: We will work with EU institutions to provide the best knowledge to achieve these goals in practice.US Dollar: 1. Stronger-than-expected US retail sales in May, coupled with tax rebates and a stock market rally, supported consumer spending. 2. Goldman Sachs: If inflation doesnt cool, the Fed is expected to raise rates as early as September. 3. Citigroup: Expects the Fed to cut rates by 25 basis points each in October, December 2026, and January 2027, down from previous forecasts of September, October, and December this year. 4. Barclays: Expects the Fed to keep rates unchanged in 2027, down from previous forecasts of a 25 basis point cut in March. Euro: 1. ECB Governing Council member Sleipön: Based on current analysis, if the ECB raises rates again to 2.5%, the interest rate level will still be in the neutral range. Pound Sterling: 1. Signs of stabilization in the UK job market have cooled market bets on a Bank of England rate hike. Japanese Yen: 1. Chief Cabinet Secretary Minoru Kihara: Always prepared to take necessary action in the foreign exchange market; the impact of a weak yen must be fully considered. Others: 1. G7 Leaders: We reaffirm our existing G7 exchange rate commitments. 2. Brazils central bank lowered its benchmark interest rate to 14.25%, in line with expectations. 3. The Philippine central bank raised its benchmark interest rate by 25 basis points to 4.75% for the second consecutive time, in line with expectations. 4. The Hong Kong Monetary Authority kept its benchmark interest rate unchanged at 4%. 5. The Bank of Korea stated that a gap exists between overseas investment returns and foreign exchange repatriation, resulting in weaker-than-expected support for the Korean won.ECB Governing Council member Nagel: New types of currency may weaken the transmission of interest rate policy.On June 18th, Zhang Xiaodong, Vice Chairman and President of the Agricultural Development Bank of China, stated that improving the effectiveness and precision of inclusive finance requires focusing on core businesses and collaborative division of labor. High-quality development of inclusive finance necessitates different types of financial institutions identifying their specific characteristics and pursuing differentiated development. For example, policy banks should strengthen their leading role, focusing on underdeveloped regions with weak infrastructure and vulnerable sectors in agriculture, rural areas, and farmers, laying a solid foundation for subsequent industrial development and commercial credit injection through policy-based lending. Large commercial banks and local small and medium-sized banks need to each have their own focus, improving the efficiency and precision of financial resource allocation. "From January to May this year, we cumulatively issued nearly 900 billion yuan in policy-based loans."
