US Dollar:
1. Former Federal Reserve Chairman Alan Greenspan passed away at the age of 100.
2. Federal Reserve Chairman Walsh will testify before the House of Representatives on July 14.
3. White House National Economic Council Director Hassett: Federal Reserve Chairman Walsh did not seek advice from the White House.
4. Goldman Sachs: Lowered its 12-month recession risk forecast for the US to 15%, from a previous forecast of 25%.
5. Bank of America: Expects the Federal Reserve to raise interest rates by 25 basis points each in September, October, and December 2026, compared to its previous forecast of unchanged rates this year.
Pound Sterling:
1. British Prime Minister Keir Starmer announced his resignation; Burnham will run for the premiership.
2. British MP Burnham: (When asked if he would call a general election) Such thinking is a bit too far ahead of its time.
Japanese Yen:
1. Japanese Finance Minister Satsuki Katayama: He held an online meeting with US Treasury Secretary Bessant to discuss the impact of global financial markets and the conflict with Iran; the US and Japan are more aligned on foreign exchange policy. 2. Japanese Chief Cabinet Secretary Minoru Kihara: If necessary, appropriate measures will be taken to address exchange rate fluctuations. No comment on exchange rates.
Other:
1. South Korean Finance Minister: The current exchange rate level is too high.
2. South Korea's tourism deficit with Japan is projected to reach a record high by 2025.
3. Malaysian Trade Minister: Malaysia faces a potential 10% tariff risk after July 24th due to allegations of forced labor.
