PBOC sets USD/CNY reference rate at 6.7972 vs. 6.7989 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7972 compared to Friday's fix of 6.7989 and 6.7850 Reuters estimate.
Forex
Gold declines below $4,100 as fresh US-Iran strikes stoke inflation fears
Gold price (XAU/USD) attracts some sellers to near $4,070 during the early Asian trading hours on Monday. The precious metal extends its decline amid escalating tensions between the US and Iran. Traders will take more c…
British Pound remains depressed below 1.3400 as escalating US-Iran tensions underpin USD
The GBP/USD pair finds some support near 1.3370 after a modest gap-down opening on Monday, though it lacks bullish conviction and remains below 1.3400. Nevertheless, spot prices, for now, seem to have stalled the pullba…
WTI surges above $74.00 as US-Iran strikes reignite Hormuz risks
West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday. Crude oil prices gain ground following a weekend exchange of fresh missile strikes between …
Euro weakens to near 1.1400 as US-Iran escalation boosts US Dollar
The EUR/USD pair edges lower to around 1.1400 during the early Asian session on Monday, pressured by heightened geopolitical tensions in the Middle East. Federal Reserve (Fed) Bank Governor Christopher Waller and Europe…
Australian Dollar declines below 0.6950 as US, Iran launch new round of strikes
The AUD/USD pair loses ground to near 0.6940 during the early Asian session on Monday. Renewed tensions in the Middle East weigh on the riskier assets such as the Australian Dollar (AUD) against the US Dollar (USD). Tra…
US military says it launched fresh strikes against Iran on Sunday
The US Central Command (CENTCOM) said that it launched additional strikes against Iran on Sunday aimed at further weakening the Islamic Republic’s ability to strike civilian vessels transiting the Strait of Hormuz, Bloo…
NZ’s Fonterra trims top end of annual milk price forecast on weak demand
By Kalea Hall and Nora Eckert DETROIT, July 12 (Reuters) – The Department of Justice is probing allegations that United Auto Workers President Shawn Fain took actions to improperly benefit his fiancée and retaliated aga…
Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
A data-driven snapshot of how Euronext-listed companies are advancing their Environmental, Social and Governance (ESG) practices.
Why UBS says the bull market can survive higher rates?
UBS (UBS) set its S&P 500 (^GSPC) forecast to 7,500 by the end of 2026 in a note on Monday, citing strong corporate earnings and gains in a resilient technology sector.
Street Calls of the Week
Severe weather rolled into Chicago on Wednesday and Thursday, but the impact of last week’s storms were felt long into the weekend.
Is AI making markets more or less efficient?
Artificial intelligence (AI) is transforming the workforce, and not always for the better. As companies continue to adopt AI to boost productivity, many are also cutting human jobs and replacing them with tools like Cha…
Ford, Canada’s Unifor reach tentative deal on labor contract
Ford Motor Co. and Unifor — the union that represents Canada's autoworkers — will begin bargaining for a new contract and Unifor's leaders call it "the most consequential" talks of their lifetimes.
Broader AI demand is key for Nvidia investors, Morgan Stanley says
The convergence of SpaceX, OpenAI, and Anthropic on public markets in 2026 represents the most consequential wave of technology IPOs since the dot-com era. With a combined target valuation exceeding $3.7 trillion, these…
China halts helium exports as renewed Middle East tensions threaten chip supplies
This Energy Explained post represents the research and views of the author(s). It does not necessarily represent the views of the Center on Global Energy Policy. The piece may be subject to further revision. Contributio…
Corporate America offers stronger proof AI is boosting profits, productivity: MS
NEW YORK; July 10, 2025 – Accenture (NYSE: ACN) and Microsoft Corporation (NASDAQ: MSFT) are co-investing in the development of advanced generative AI-driven cyber solutions to help organizations mitigate threats and co…
Oregon drops motion to delay Paramount-Warner Bros deal
Boeing marked another step in a marathon comeback Friday when it celebrated expanded production of the 737 MAX, now an aircraft in heavy demand after earlier disasters tarnished the company's reputation. At a rousing ri…
New York City to ban firms from using subscription traps, officials say
Deputy Mayor Julie Su, Economic Justice: Good morning, everyone, and thank you for being here. I especially want to thank the mayor because now when anybody asks me if I've been to the gym, I can say yes. I'm Julie Su, …
Meta scraps AI image feature days after launch following privacy backlash
A new wave of socialists clinched wins in recent Democratic primaries, putting them on a path to Congress in deep blue districts but also creating potential headaches for the broader party.
Why tech investors are reevaluating AI investments
Pharma is sitting in an interesting spot right now. It is a sector many investors think they already understand, yet the forces shaping it today look very different from what shaped it even a few years ago. While attent…
Singapore: Resilient GDP and strong NODX – DBS
DBS economists Radhika Rao and Mo Ji forecast Singapore’s advance 2Q26 Gross Domestic Product (GDP) growth at 5.8% year-on-year and 1.5% quarter-on-quarter seasonally adjusted, slightly below 1Q26 but still resilient. T…
Silver Price Forecast: Lower high structure holds, bear's eye $55.00
Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is…
Taiwan Dollar: CBC inflation risks support against US Dollar – Commerzbank
Commerzbank’s report on Taiwan notes that stronger inflation, with core CPI at 2.5%, is likely to push the CBC towards a more hawkish stance, including a possible 12.5 bp hike in H2. Despite robust AI-driven exports and…
Forecasting the upcoming week: US CPI and Warsh testimony to test the Dollar’s recovery
The upcoming week will bring a major test for the US Dollar (USD), with investors focusing on the United States Consumer Price Index (CPI), Federal Reserve (Fed) Chair Kevin Warsh’s congressional testimony and a broad s…