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[July 7, 2026 Interbank Foreign Exchange Market Central Parity Rate of the RMB] USD/CNY was 6.8054, down 12 points (RMB appreciation); EUR/CNY was 7.7756, up 48 points; HKD/CNY was 0.86776, down 0.5 points; GBP/CNY was 9.1037, up 332 points; AUD/CNY

2026-07-07

[July 7, 2026 Interbank Foreign Exchange Market Central Parity Rate of the RMB] USD/CNY was 6.8054, down 12 points (RMB appreciation); EUR/CNY was 7.7756, up 48 points; HKD/CNY was 0.86776, down 0.5 points; GBP/CNY was 9.1037, up 332 points; AUD/CNY was 4.7265, up 145 points; CAD/CNY was 4.7814, down 11 points; JPY/CNY was 4.1961, down 123 points; CNY/RUB was 11.3437, down 193 points; NZD/CNY was 3.8742, up 15 points; CNY/MYR was 0.60046, up 16.4 points; CHF/CNY was 8.4430, down 120 points; The Singapore dollar/Chinese yuan exchange rate was 5.2607, up 15 points.

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2026-07-06

The service sector remains a core pillar of the US economy, recently outperforming manufacturing and becoming a major source of overall growth. However, the current structure exhibits characteristics of "resilient growth but no employment expansion":

The service sector remains a core pillar of the US economy, recently outperforming manufacturing and becoming a major source of overall growth. However, the current structure exhibits characteristics of "resilient growth but no employment expansion": frozen hiring and slowed workforce expansion indicate that demand remains, but the need for new labor is weakening. Mechanistically, this combination is closer to a "jobless recovery" or low-employment growth phase, where companies maintain output through efficiency improvements and cost control rather than through expanding employment. Meanwhile, persistent price pressures suggest that service sector inflation remains sticky, causing the Federal Reserve to focus on service inflation rather than goods inflation. In the short term, the uncertainty surrounding the June data stems primarily from two variables: first, cost disturbances from geopolitical factors and tariffs; and second, the transmission elasticity of service prices. Given weak employment momentum but resilient prices, the overall economy is more likely to experience a moderate slowdown rather than a rapid decline. The more crucial signal from tonight's data lies not in the total figures, but in whether the structure further tilts towards "low employment + high price stickiness."
2026-07-06

At a launch event for a new account he is promoting, Trump said newborns using the account would gain a significant financial advantage by age 18. He called early investing the route to long-term wealth, cited recent gains in the Dow, Nasdaq and S&P

At a launch event for a new account he is promoting, Trump said newborns using the account would gain a significant financial advantage by age 18. He called early investing the route to long-term wealth, cited recent gains in the Dow, Nasdaq and S&P 500, said "I think the market will soar," and urged households to keep investing rather than cashing out.
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