EUR/USD
1.15954
-0.135%
Gold
4348.43
0.740%
Oil
97.119
-3.390%
USD/JPY
153.683
-0.474%
GBP/USD
1.35260
0.113%
GBP/JPY
207.876
-0.364%
Real-time News
On September 12th, Liz Miller, founder and president of Summit Place Financial Advisors, stated that although the market widely expects the Federal Reserve to raise interest rates next week, further tightening is "fundamentally unnecessary" given the overall economic stability. Miller said, "I think most investors believe the Fed will raise rates next week, and I think the probability is high. But fundamentally, its unnecessary. Id love to hear the discussion at the decision-making meeting, because some Fed governors firmly believe that they need to act before overall inflation rises and bring it back to the 2% target. However, if we look at the rest of the economy from a patient perspective, its actually quite stable, and Im not sure if a broad-based rate hike is truly necessary. We can continue to observe whether rising oil prices will spread and see core inflation gradually decline."On September 12, 2026, Zhu Hexin, Vice Governor of the Peoples Bank of China and Director of the State Administration of Foreign Exchange, met with Wong Tin-yau, Chairman of the Hong Kong Securities and Futures Commission, and Leung Fung-yee, Chief Executive Officer. The two sides exchanged views on consolidating and enhancing Hong Kongs status as an international financial center and strengthening financial regulatory cooperation between the two places. Li Bin, Deputy Director of the State Administration of Foreign Exchange, accompanied the meeting.The Russian Ministry of Defense stated that Russian troops also attacked a metallurgical plant in the Zaporizhzhia region of Ukraine.Russian Defense Ministry: Russian troops hit two cargo ships in the port of Chernomorsk, Ukraine.On September 12, South Korean President Lee Jae-myung addressed the current energy situation, emphasizing that domestic refined oil prices and supply remain stable and that the public need not worry about oil prices. Lee stated that by dispatching special envoys for crude oil, strengthening crude oil diplomacy, promoting import diversification, and subsidizing long-distance transportation costs, South Korea has reduced its dependence on Middle Eastern crude oil, which once reached 70%, to around 50% within a few months, and will continue to promote import diversification. Simultaneously, through the strategic reserve oil swap system, South Korea has maintained stable crude oil supply without depleting its reserves. He pointed out that despite the surge in international crude oil and refined oil prices, domestic refined oil prices and supply have remained stable thanks to the price ceiling system and export controls. He stressed that South Korea is fully capable of overcoming the current crisis and is even turning it into an opportunity, and the public need not worry about oil prices. However, he also cautioned that dependence on the Middle East remains at 50%, the future of the war is uncertain, and the crude oil market is mired in difficulties. The government will do its utmost to ensure unimpeded transportation routes and the safety of transport ships and crew.
