US Dollar:
1. ADP Weekly Employment Report: In the four weeks ending February 7, US private sector employment increased by an average of 12,750 jobs per week.
2. Federal Reserve – ① Bostic: Even with rising productivity, the Fed needs to focus on inflation. ② Waller: The Fed is very cautious about integrating artificial intelligence into its operations. ③ Goolsby: Optimistic about further rate cuts this year, but only if inflation begins to return to target levels. ④ Cook: The AI investment boom could raise the neutral interest rate in the short term.
3. Trump's State of the Union Address – ① The Supreme Court ruling is regrettable. Tariffs will continue. ② Ensure that members of Congress cannot profit from insider information; the Anti-Insider Trading Act should be passed immediately. ③ The government has brought inflation to its lowest level in five years. Low interest rates will solve the housing crisis. ④ Iran is developing missiles that can quickly reach the US; they are still pursuing nuclear ambitions. The preferred solution to the Iranian nuclear issue remains through diplomatic means.
Pound Sterling:
1. Bank of England Governor Bailey: Further policy easing is expected, likely this year. 1. The March interest rate decision is a truly unresolved issue.
2. Bank of England Monetary Policy Committee member Green: The process of inflation falling may have stalled. Slowing the pace of interest rate cuts by the Bank of England is appropriate.
3. Bank of England Chief Economist Peale: The process of inflation falling has not been affected and is not yet over. Core inflation needs continued attention.
4. Bank of England Monetary Policy Committee member Taylor: If the economy falls into recession, interest rates will have to be lowered below the neutral level.
Japanese Yen:
1. Japanese Prime Minister Sanae Takaichi conveyed concerns about further interest rate hikes during her meeting with Bank of Japan Governor Kazuo Ueda last week.
2. Japanese Prime Minister Sanae Takaichi: We are closely monitoring foreign exchange movements with a high sense of urgency.
3. The Japanese government nominated Toshiro Asada and Ayano Sato as new board members of the Bank of Japan.
4. Former Bank of Japan Governor Haruhiko Kuroda: The Bank of Japan is likely to raise interest rates twice a year in 2026 and 2027.
Other:
1. The Bank of Thailand will use fiscal and economic policies to boost the economy, with a projected growth rate of 1.9% this year.
2. Swiss National Bank President: The Swiss National Bank is prepared to intervene in the foreign exchange market if necessary.
3. Hong Kong Financial Secretary Paul Chan: The total amount of funds allocated for RMB business has doubled to RMB 200 billion at the beginning of the month.
