EUR/USD
1.13689
0.095%
Gold
3990.65
-0.209%
Oil
69.227
-0.750%
USD/JPY
161.719
-0.043%
GBP/USD
1.31826
0.118%
GBP/JPY
213.193
0.078%
Real-time News
On June 25th, Westpac stated that it expects the Reserve Bank of New Zealand (RBNZ) to be less likely to raise interest rates as sharply as initially anticipated. This is because an early resolution to the Iranian conflict implies a weaker inflation outlook and an earlier economic recovery. Westpac anticipates the RBNZ will begin raising rates in September, but will only raise them once more for the remainder of the year. This means the official cash rate will peak at 4.0% by the end of 2027, before falling back to a neutral level of 3.75% by the end of 2028. Previously, Westpac had predicted the rate could reach as high as 4.25%. Westpac wrote, "Our core view suggests that the RBNZ will raise rates one less time this year than our most recent forecast, but one more time than pre-conflict projections."On June 25th, shortly after 6:00 AM Beijing time, Venezuela was struck by a series of earthquakes exceeding magnitude 7, followed by a magnitude 7.2 earthquake off the coast of northeastern Japan. Meanwhile, reports from the United States indicated that a magnitude 5.6 earthquake struck California on the same day. Are these earthquakes related? Lucy Jones, a senior seismologist at Caltech, stated that, in short, they are not. Jones believes that these earthquakes occurred on different faults and plate boundaries, meaning that one earthquake did not trigger another. The timing of the earthquakes may be coincidental, but the location is not—each earthquake occurred at a well-known active plate boundary, where stress has accumulated over decades or even centuries. In these regions, large earthquakes are an expected part of the natural cycle, although the exact timing cannot currently be accurately predicted.The yield on Japans 20-year government bonds fell 1.5 basis points to 3.55%.The bid-to-cover ratio for Japans 20-year government bond auction was 2.97, the lowest level since May 2025, compared to 4.01 in May.June 25th - The 4th China International Blockchain Expo (CIE) was held in Beijing from June 22nd to 26th. It is reported that Japan had the largest number of delegations from Asian countries at this years CIE. Ten Japanese economic delegations visited China, including representatives from the Japan Business Federation (Keidanren) and the Japan Chamber of Commerce and Industry. Keidanren is Japans largest and most authoritative comprehensive economic organization, with core members encompassing leading companies across almost all sectors. The Japan Chamber of Commerce and Industry is one of Japans largest national business organizations. The Kansai Economic Federation represents the Kansai region, Japans second-largest economic zone. These ten organizations broadly cover all aspects of Japans social enterprise network.
