EUR/USD
1.18230
0.046%
Gold
5045.48
2.004%
Oil
63.307
-0.498%
USD/JPY
156.251
0.305%
GBP/USD
1.37027
0.037%
GBP/JPY
214.113
0.351%
Real-time News
On February 4th, Lazard CEO Peter Orszag stated at the "Wall Street Journal Invest Live" event that the Federal Reserve may not have cut interest rates at the end of last year. While the market generally believes inflation is declining, he expects inflation to unexpectedly rise this year. He added that artificial intelligence and high-income consumers could boost US economic growth, describing this momentum as "fragile but strong." He also pointed out that most of the impact of tariffs has not yet materialized, which could also push up inflation. He believes the Fed has fallen behind the curve and should not have cut rates at the end of last year. "If we are right," he said, "all of this has only further exacerbated inflation, led to further depreciation of the dollar, and steepened the yield curve."February 4th - During Asian trading hours, the Singapore dollar remained range-bound against the US dollar, but the prospect of the Federal Reserve maintaining high interest rates for an extended period could put pressure on it. Analysts at CIMBs Treasury and Markets Research Department noted in a report that given persistently high inflation, both Federal Reserve Governor Bowman and Richmond Fed President Barkin have signaled that further rate cuts may take longer. The analysts also mentioned that Barkin believes the Feds recent rate cuts have helped support the US labor market. FactSet data shows the US dollar was little changed against the Singapore dollar, trading at 1.2698.On February 4th, Han Wenxiu, Deputy Director of the Central Financial and Economic Affairs Commission and Director of the Central Rural Work Leading Group Office, stated at a press conference held by the State Council Information Office that this years No. 1 Central Document makes specific arrangements for "implementing normalized and targeted poverty alleviation," and various supporting policies are being formulated and issued. Han Wenxiu stated that incorporating normalized poverty alleviation into the overall implementation of the rural revitalization strategy requires focusing on dynamic management of assistance recipients, ensuring precise and efficient assistance methods, stratifying assistance regions, and maintaining overall stability in assistance policies. Han Wenxiu emphasized that assistance policies must remain generally stable, avoiding abrupt changes or halts in fiscal investment, financial support, and resource allocation, and maintaining the stability of the scale of normalized central government assistance funds and the scale of provincial and municipal government investments.Goldman Sachs continues to believe there is a significant upside risk to its December 2026 gold price forecast of $5,400/oz.February 4th – Despite tariff-related uncertainties and investment opportunities in other regions, companies are still focusing on the United States, said Mark Mason, CFO of Citigroup, at the Wall Street Journal Invest Live event. “For many companies, the U.S. remains a very good bet,” he said. He added that the U.S. economy has proven resilient amid the trade war noise, noting that M&A momentum and capital demand continue. Mason noted that many CEOs and CFOs are still concerned about the potential impact of tariffs and their implications for inflation, but he hasnt seen a “sell-off” sentiment among multinational corporations. “I think over time, people will realize that you don’t want to bet on the U.S. losing.”
