EUR/USD
1.15387
0.060%
Gold
4153.29
1.866%
Oil
75.664
1.793%
USD/JPY
157.788
0.029%
GBP/USD
1.34673
0.117%
GBP/JPY
212.503
0.156%
Real-time News
Bank of America expects the yen to strengthen following the intervention, and has revised its year-end USD/JPY forecast to 149 from 152 (currently around 157.7).On August 5th, the 16th China Automotive Forum, hosted by the China Association of Automobile Manufacturers (CAAM), was held in Jiading, Shanghai. During the forum, CAAM officially announced the establishment of the "Autonomous Driving Vehicle Industry Development Joint Conference" and held an inauguration ceremony. At the ceremony, CAAM stated that the Joint Conference will adhere to the principles of "safety as the bottom line, innovation as the driving force, and collaboration as the means of development," working hand in hand with all parties in the industry to jointly promote the safe, orderly, and large-scale development of my countrys autonomous driving industry, contributing to building a strong automotive nation and cultivating new productive forces. The Joint Conference sincerely invites OEMs, autonomous driving solution providers, chip and sensor companies, software and communication companies, testing and certification institutions, universities, and research institutes, and other relevant units in the industry chain to join, discuss development strategies, build collaborative mechanisms, and share industry achievements.On August 5th, the Guangdong Branch of the Peoples Bank of China held its 2026 second-half work conference and Guangdong foreign exchange management work conference on August 4th. The conference emphasized the need to continue implementing a moderately loose monetary policy to help Guangdongs economy maintain its growth momentum; to strengthen support for key areas and weak links, and improve the efficiency and effectiveness of financial services to the real economy; to further deepen foreign exchange management reform and improve the facilitation of cross-border trade and investment; and to fully leverage its functions of maintaining financial stability and macro-prudential management to firmly safeguard against systemic financial risks. The conference required: First, promoting institutional opening-up in the foreign exchange sector to facilitate trade and investment. Second, vigorously optimizing foreign exchange services to support the high-quality development of the foreign-related economy. Third, strengthening foreign exchange business supervision to build a strong defense against external shocks.Saudi Foreign Minister: We condemn Israels aggression in Gaza.August 5th - Currently, my country is in the peak flood season of "late July to early August," with many parts of both northern and southern China experiencing repeated and continuous heavy rainfall, triggering floods and geological disasters, causing casualties and damage to houses. To thoroughly implement General Secretary Xi Jinpings important instructions on flood control and drought relief, on August 5th, the Ministry of Finance and the Ministry of Emergency Management urgently allocated 330 million yuan in central natural disaster relief funds to support emergency rescue and relief work in eight provinces and municipalities, including Heilongjiang, Liaoning, Jilin, Chongqing, Sichuan, Guizhou, Yunnan, and Shaanxi. The focus will be on search and rescue, relocation and resettlement of affected people, emergency response including hazard mitigation, investigation and rectification of secondary disaster risks, and repair of damaged houses, in order to minimize disaster losses.
