15% Tariff Deal Avoids Higher Rate: The U.S. will implement a 15% tariff on South Korean imports, sidestepping a potential 25% tariff that would have come into effect on August 1 without an agreement.Comprehensive Tra...

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminb...

Japan Preliminary June Industrial production come in improved from May, a welcome development. +4% y/yprior -2.4%+1.7% m/mexpected -0.6%, prior -0.1%Still to come from Japan today:Economic calendar in Asia Thursday, Ju...

Japan June Retail sales come in much better than expected, a welcome development. The Bank of Japan will remain on hold today is the expectations (see links below for previews). +1.0% m/mprior -0.2%+2.0% y/yexpected +1...

Xinhua commentary on China-U.S. trade talksChina is 100% sincere in the consultationsSome deep-seated and structural problems in China-US economic and trade relations cannot be solved overnightChina is willing to prope...

Reserve Bank of Australia Deputy Governor Andrew Hauser CPI data were very welcome (ICYMI, CPI lower) Trimmed mean dead in line with our forecastsFull impact of tariffs is yet to comeThis will be a real tax increase in...

Fireside chat with Deputy Governor Andrew Hauser at the Barrenjoey Economic Forum, Sydney.Live link when it begins.Listening out for any hints of the August interest rate cut coming up from the Bank, yesterday's CP...

Bank of America anticipates the Bank of Japan will keep its policy rate unchanged at 0.5% when it concludes its 30–31 July meeting, warning that current market expectations for a near-term hike—particularly in Octo...

Goldman Sachs calculates the upcoming U.S. effective tariff rate on all Brazilian imports, including exemptions, at 30.8%.Goldman says the Brazil tariff rate calculation includes expectations for additional sectoral ta...

Headwinds aplenty for the US, but Goldman Sachs shrugs 'em all off. This from multiple sources in the bank. Sluggish growth expected despite recession being avoided While the U.S. economy is not expected to fall in...

Trump announces a trade deal with South Korea, the main points: The United States and South Korea have reached a full and complete trade deal.South Korea will provide $350 billion for U.S.-owned and controlled investme...

Brazil’s central bank holds benchmark interest rate at 15.00%, as expectedDecision was unanimousExpects an interruption of the tightening cycleAssessing the accumulated effects of the already implemented adjustmentWi...

Hong Kong Monetary Authority bought just under 4bn HKD to prop up the currency.The USD has risen in the wake of the FOMC on hold and less dovish statement/press conference. Major FX is lower across the board, and that&...

The Bank of Japan is expected to leave interest rates unchanged on Thursday, wrapping up its two-day policy meeting with a cautiously optimistic tone amid easing trade tensions following a new agreement with Washington...

Microsoft and Meta both beat handily on the top and bottom lines.Mix close for the major US indicesWhat were the trends in the Powell comments by topicFed Powell Q&A press conference LIVE: The economy is in a solid...

Bob Michele, global head of fixed income at JPMorgan Asset Management, says the U.S. Federal Reserve is likely to keep interest rates on hold at its September meeting, emphasising that policymakers need to see further ...

The official PMIs from China are due today. In the days ahead we'll get the unofficial, Caixin/S&P PMIs. The two PMIs are quite different. If you are unfamiliar with this, the following will set you up for next...

Who was that guy "wary of the FOMC", warning of "complacency", "risk for more hawkish"?Oh yeah ... me:I am wary of the FOMC. While no rate cut is expected, it seems to me there is some complacen...

The USDCAD has broken above its 100-day moving average for the first time since April, signaling a potential shift in trend. The moving average—currently at 1.38279—had been sloping steadily downward, reflecting th...

The question and answer is over and Powell played it down the middle of the road. The Fed held rates steady, but a historic split emerged. For the first time in over three decades, two voting members—Governors Michel...