EUR/USD
1.14103
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Gold
4117.86
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72.125
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162.389
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Real-time News
July 8th - According to media reports, Xiaomi Auto recently launched the brand name "SkyNomad" and the Chinese name "澎程" (Pengcheng), emphasizing a new brand image focused on space and lifestyle, which has attracted considerable attention. According to Tianyancha intellectual property information, Xiaomi Technology Co., Ltd. has applied for registration of multiple "SKYNOMAD" and "澎程" trademarks, covering international classifications such as transportation vehicles, machinery and equipment, and communication services; some of these trademarks have already been successfully registered.July 8 – The Reserve Bank of New Zealands Monetary Policy Committee unanimously agreed today to raise the Official Cash Rate (OCR) by 25 basis points to 2.50%. Global oil prices fell significantly with the partial reopening of the Strait of Hormuz. Prices of other petrochemical products also declined. Therefore, short-term inflationary pressures have eased somewhat. However, despite the decline in energy prices, the effects of the energy shock will persist for some time, and the outlook for medium-term inflationary pressures remains uncertain. The current monetary policy stance aims to bring inflation back to the target level while avoiding unnecessary economic instability. The New Zealand economy was on a recovery track before the Middle East conflict, but economic momentum weakened in the June quarter due to the oil price shock. The outlook for medium-term inflationary pressures depends on the extent to which recent cost increases have been passed on to price increases. With inflation still above the target level and economic activity expected to strengthen, further reductions in monetary policy stimulus may be necessary to bring inflation back to the 2% target midpoint. Future interest rate decisions will depend on newly released economic data, price formation behavior, and the impact of the strength of economic activity on medium-term inflationary pressures.Reserve Bank of New Zealand: There is uncertainty regarding the level of the neutral interest rate.Reserve Bank of New Zealand: The Monetary Policy Committee has differing views on the inflation outlook.The Reserve Bank of New Zealand expects domestic economic growth to recover in the September 2026 quarter. Lower fuel prices will support a recovery in consumption.
