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Japan's May coincident indicator preliminary reading was 118.5, compared with 118.1 in the previous month.
2026-07-07
Japan's May coincident indicator preliminary reading was 118.5, compared with 118.1 in the previous month.
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2026-07-07
US Dollar: 1. Federal Reserve Governor Waller: The Fed will not deliberately maintain low interest rates to help the US government finance its fiscal deficit. 2. Trump rang the opening bell at the White House to promote the "Trump Account"; he also
US Dollar: 1. Federal Reserve Governor Waller: The Fed will not deliberately maintain low interest rates to help the US government finance its fiscal deficit. 2. Trump rang the opening bell at the White House to promote the "Trump Account"; he also called for buying Dell, thanked Micron, and said the stock market would soar. 3. CFTC data shows that in the week ending June 30, global traders' bullish bets on the US dollar rose to nearly $40 billion, the highest level since 2015. Euro: 1. According to AFP: The French government successfully survived a vote of no confidence in parliament. 2. The European Stability Mechanism warned that the risk of a US asset sell-off is a major vulnerability in the Eurozone. 3. The German Federal Cabinet approved the draft budget for 2027, which includes defense spending. By 2030, German defense spending will account for one-third of the budget. 4. ECB Governing Council member Winsch: Perhaps we must do more, but the situation does not require a significant tightening of policy. Further action cannot be ruled out, but we should not wait too long. Japanese Yen: 1. Japanese Minister of Economy, Trade and Industry, Minoru Jonouchi, stated that media reports about the government attempting to lower interest rates are completely inaccurate. 2. CFTC data shows that hedge fund shorting sentiment towards the yen reached its highest level since 2007 in the week ending June 30. Korean Won: 1. The Korean won traded smoothly on its first day of all-day trading, with trading volume below the 30-day daily average. 2. Sources indicate that foreign exchange trading related to SK Hynix's US listing is expected to take place around July 15. Other: 1. The World Bank maintained its 2026 economic growth forecast for China at 4.4%. 2. The Central Bank of Israel lowered its benchmark interest rate from 3.75% to 3.50%, in line with expectations. 3. Peruvian President-elect Keiko Fujimori appointed Velarde to remain as Governor of the Central Bank of Peru. 4. Hong Kong Chief Executive John Lee: A Memorandum of Understanding on cross-border payments and clearing was signed with the People's Bank of China. 5. Pan Gongsheng, Governor of the People's Bank of China: The proportion of China's foreign exchange reserves allocated to Hong Kong will continue to increase, injecting momentum into the development of Hong Kong's capital market. 6. Central Bank of the Philippines: The average inflation rate is expected to remain above 3% in 2026 and 2027, within ±1.0 percentage point of the inflation target. Inflation is expected to approach the 3.0% target in 2028. 7. Indonesian Finance Minister: GDP growth is expected to be between 5.6% and 6.0% in 2026. Total revenue for 2026 is projected to be 3,208.1 trillion Indonesian Rupiah; total expenditure is projected to be 3,942.4 trillion Indonesian Rupiah. 8. A market expectation survey by the Central Bank of Argentina shows that economists expect an inflation rate of 30% by the end of 2026, a downward revision of 0.5 percentage points from previous forecasts; GDP growth is projected to be 3.0% in 2026, an upward revision of 0.1 percentage points from previous forecasts.
2026-07-06
Chinese embassy in Iran announced on July 6 it will resume all consular document services from July 8. To clear a wartime backlog of visa applications, the Embassy will accept visa applications all day July 8 (Wed) through July 10 (Fri). From July 12
Chinese embassy in Iran announced on July 6 it will resume all consular document services from July 8. To clear a wartime backlog of visa applications, the Embassy will accept visa applications all day July 8 (Wed) through July 10 (Fri). From July 12 (Sun) normal hours and service arrangements resume: visa acceptance — Sunday and Tuesday mornings, Monday and Wednesday all day; document authentication acceptance — Thursday mornings; document issuance — Sunday, Tuesday and Thursday afternoons.
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