EUR/USD
1.17672
-0.064%
Gold
3311.50
-0.701%
Oil
65.113
-0.795%
USD/JPY
144.810
0.172%
GBP/USD
1.36263
-0.182%
GBP/JPY
197.329
-0.004%
Real-time News
According to TASS, Russian air defense forces destroyed 91 Ukrainian drones during the night.According to the Financial Times: British fintech company Revolut has not yet obtained approval from the UK financial regulator and cannot provide consumer credit services to its 11 million customers in the UK.On July 7, ING Bank said that it expects the Reserve Bank of Australia to cut the cash rate by 25 basis points to 3.6% at its meeting on Tuesday, as recent growth and inflation data have been weaker than expected. Australias headline inflation rate fell to 2.1% in May from 2.4% in April, close to the lower limit of the central banks 2-3% target range. In addition, the latest monetary policy statement of the Reserve Bank of Australia showed that the voluntary resignation rate fell and the focus of wage negotiations shifted to job security demands, which may slow wage growth more than currently expected. Considering that the downside risks to growth and inflation dominate, we will expand the expected interest rate cut in 2025 by 25 basis points, and the final value of the cash rate is expected to reach 3.1% by the end of the year. The global tariff situation has not yet dissipated, and the overall and core inflation have established a downward trend, and are expected to remain near the median of the 2-3% range in the next few quarters.The Federation of Indian Automobile Dealers Association (FADA): Passenger car retail sales in June increased by 4.84% year-on-year, and the country is cautiously optimistic about the short-term outlook. However, it is necessary to remain vigilant considering the shortage of rare earths, geopolitical tensions and the spillover effects of US tariffs.On July 7, the Reserve Bank of New Zealand may be temporarily suspending its one-year interest rate cut cycle. Most economists predict that the Reserve Bank of New Zealand will keep interest rates unchanged this week, while sending dovish signals to assess the effectiveness of economic recovery. The bank recently stated that interest rates have entered a neutral range, downplaying the urgency of further interest rate cuts and hinting that it may adopt a quarterly interest rate cut rhythm in the future, rather than adjusting at every policy meeting. It is worth noting that there were differences of opinion at the last interest rate meeting. Given that the current economic recovery momentum is still unstable, further interest rate cuts are still possible this year.
