EUR/USD
1.17361
0.242%
Gold
3336.51
0.010%
Oil
66.810
-0.272%
USD/JPY
145.977
-0.046%
GBP/USD
1.36203
0.135%
GBP/JPY
198.831
0.135%
Real-time News
Trump: We have scheduled talks with Iran.US Middle East Envoy Witkoff: There is a chance to reach a peace agreement on the Gaza issue.July 8th, Goldman Sachs expects the Federal Reserve to cut interest rates in September, three months earlier than previously predicted. The shift reflects some early signs that tariff-related inflation is milder than expected, while anti-inflationary forces - including slower wage growth and weakening demand - are taking shape. David Mericle, the banks chief U.S. economist, estimated the chance of a rate cut in September to be "slightly above" 50%, with 25 basis point cuts expected in September, October and December, and two more cuts in early 2026. Goldman Sachs also lowered its terminal interest rate forecast from 3.5%-3.75% to 3%-3.25%.Samsung Electronics: It is expected that the demand for non-memory chips will gradually recover in the second half of 2025 and losses will be reduced.July 8, an EU diplomat and an EU official said that the United States has proposed a deal to the European Union that would maintain a 10% baseline tariff on all EU goods, except for sensitive industries such as aircraft and spirits. Diplomats stressed that the contours of the trade agreement are still largely a moving target and any agreement needs Trumps approval to move forward. Washington has not indicated that it will exempt politically sensitive industries such as automobiles, steel, aluminum or pharmaceuticals as requested by the EU. However, France, Italy and Ireland may be happy about the tax exemption for spirits and aircraft.
