[Exclusive Article for Futures Trading Monitor] Narrowing Black Sea Export Channels Trigger Wheat Price Surge! But Prices Are So High They're "Discouraging" US Buyers? Analysts Warn: This Isn't New Bullish Entry, It's Just Bearish Moves...

US Dollar: 1. Buffett: Warsh is a "good candidate" to be the Fed Chair. 2. US June PPI growth slowed, core indicators declined. 3. Federal Reserve —Warsh: Recent inflation data does not perfectly reflect underlying inflation. Dissatisfied with any current inflation indicators, intending to find new monitoring tools. Williams: There are signs that inflation may have peaked and may gradually decline in the coming quarters. Cook: It is wise to wait for inflation to slow for a while, but is prepared to act if it does not slow soon. Beige Book: Economic activity in 11 of the 12 districts grew at a slight to moderate pace. Euro: 1. ECB—Neggel: Closely monitoring energy prices; Middle East situation adds inflation uncertainty. Panetta: Eurozone inflation is currently hovering around 3%. 2. German Chancellor Merz: US tariffs are hindering Germany's economic reform process. (Regarding the next ECB President) There is no need to make a decision in the short term; ECB President Lagarde has performed well. British Pound Sterling: 1. UK economy reversed its decline in May, showing stronger-than-expected resilience. 2. Markets bet on Mahmoud's appointment as UK Chancellor of the Exchequer, pushing the pound index to a one-year high. 3. OECD: UK economy expected to grow by 0.9% in 2026 and 1.1% in 2027. Risks to the UK economy remain skewed to the downside. Japanese Yen: 1. Over 90% of Japanese households expect prices to rise in the coming year. 2. Japanese Finance Minister reiterated encouragement for the Government Pension Investment Fund to increase its holdings of domestic assets. 3. Japanese Prime Minister Sanae Takaichi: Will strive for strong economic growth while assessing fiscal sustainability. Foreign exchange and interest rates are influenced by various factors. 4. Senior Bank of Japan official: Given the current high upside risks to inflation, delaying adjustments to stimulus could cause these risks to materialize and trigger a future economic downturn. Korean Won: 1. South Korean Ministry of Finance: South Korean Finance Minister will hold a market meeting on Thursday afternoon. 2. South Korea is considering using its Foreign Exchange Fund to absorb the US dollars raised by SK Hynix's ADRs. 3. The Financial Supervisory Service of South Korea assessed the risks of interest rate hikes and requested measures to protect corporate financing. 4. The Bank of Korea raised interest rates for the first time in three and a half years. The Bank of Korea stated that it will maintain its stance of raising interest rates in the future. Bank of Korea Governor Shin Hyun-song: Growth forecasts may be revised upwards in the August revision. The impact of the narrowing US-South Korea interest rate differential on the foreign exchange market needs to be monitored. Other: 1. Polish Ministry of Finance: As of the end of June, the balance of foreign exchange accounts was €23.2 billion. 2. The Bank of Canada kept its interest rate unchanged at 2.25%, holding steady for the sixth consecutive meeting, in line with market expectations. 3. Bank of Canada Governor Macklem: If oil prices rise again and drive inflation, consecutive interest rate hikes are expected to be needed to control inflation.

Zhao Yuchao, head of the Balance of Payments Department at the State Administration of Foreign Exchange, told a State Council Information Office briefing that net foreign investment into China in the first five months totaled about $160 billion, markedly stronger than the same period last year. The inflows include foreign direct investment, securities investment and foreign deposits and loans absorbed by China. Equity (FDI) net inflows exceeded $50 billion, with new capital injections remaining stable.