US chip stocks are down; the Philadelphia Semiconductor Index is down about 5%. AMD (AMD.O) is down more than 8%, NVIDIA (NVDA.O) is down more than 7%, Intel (INTC.O) is down about 4%.

US Dollar: 1. Goldman Sachs: The Fed is expected to hold rates steady this week; how it interprets this decision is key. Euro: 1. An ECB survey shows that Eurozone consumers have lowered their 12-month inflation expectations to 3.0% from 3.5%. 2. ECB Governing Council member Sleipön: The ECB may raise rates in September, even without a second-round effect, as long as the overall inflation outlook warrants it. 3. ECB Governing Council member Kochl: The ECB's focus is shifting to gas, food prices, and wages. 4. ECB Governing Council member Simkus: He still believes a rate hike is more likely than keeping rates unchanged. 5. ECB Chief Economist Lane: September will be the next key juncture for interest rate policy. Pound Sterling: 1. Economists: Despite soaring oil prices, the Bank of England is expected to keep interest rates unchanged this week. Japanese Yen: 1. According to Kyodo News: Japanese Prime Minister Sanae Takaichi will consider a cabinet reshuffle. 2. Japanese Prime Minister Sanae Takaichi: Specific monetary policy measures will be decided by the Bank of Japan. 3. According to Nikkei: Sources indicate that a majority of Bank of Japan board members are expected to vote to maintain the current interest rate. South Korean Won: 1. South Korea uncovered 7.2 trillion won worth of illegal foreign exchange transactions in the first half of the year. 2. Leveraging SK Hynix's record-breaking IPO, South Korea is accelerating efforts to bring back US dollars from exporters. Other: 1. Swiss National Bank: The Swiss National Bank does not participate in manipulating the Swiss franc. 2. Central Bank of Russia lowered its benchmark interest rate to 14%. 3. Reserve Bank of India Governor: June's dollar attraction measures have brought in nearly $32 billion in funds. 4. Reuters survey: 68 out of 72 economists expect the Reserve Bank of India to maintain its repurchase rate at 5.25% on August 5. 5. Indonesian Cabinet Secretary: Leadership changes at the Indonesian central bank will not affect monetary policy or national economic stability. 6. Thai government official: The Thai cabinet decided to extend the VAT rate to 7% for another year.

Qatar foreign ministry said Qatari PM and foreign minister Mohammed, in a call, stressed parties must pursue dialogue and diplomacy and implement the consensus reached under the US‑Iran memorandum framework, including ensuring freedom of navigation in the Strait of Hormuz to safeguard regional security and preserve stability.