US Dollar:
1. Fed's Williams: Optimistic about a gradual easing of inflationary pressures. If inflation does not return to 2% as expected, the Fed will take action to achieve price stability. He notes market pricing, but the Fed does not need to endorse market levels.
2. White House National Economic Council Director Hassett: Recent reports show very strong inflation data. Fed Chairman Warsh is pushing things in a positive direction. We respect the Fed's independence.
3. US Treasury raises Q3 borrowing forecast to $739 billion.
4. "Fed mouthpiece": Powell may become the fourth official in decades to complete a full 14-year term as a Fed governor.
5. The US Treasury's long-standing refusal to adjust its guidance on US Treasury issuance has led Wall Street to gradually abandon its expectations.
Euro:
1. ECB: Regional spending cuts are driven by geopolitical uncertainty rather than inflation.
2. ECB says the Iran war has severely damaged Eurozone consumption, with declining confidence dragging down economic growth.
3. Eurozone July manufacturing PMI rises to 51.9, driven by backlogged orders.
British Pound Sterling:
1. According to iPaper: British Prime Minister Burnham may deliver another King's Speech to outline his government's new priorities.
2. UK Manufacturing PMI falls to a four-month low.
Japanese Yen:
1. Bank of Japan account data shows that Japan may have spent approximately $34 billion to intervene in the foreign exchange market last Friday to support the yen.
2. Bank of Japan money market data shows that Japan may have intervened in the foreign exchange market. The yen money market expects a funding gap of 11.4 trillion yen, compared to previous forecasts of 5.66 trillion to 6.70 trillion yen.
3. Japanese Prime Minister Sanae Takaichi: The Japanese cabinet will approve the release of more than 20 billion yen from the emergency reserve fund on Tuesday for relief efforts in Kumamoto, the earthquake-stricken area.
4. According to Nikkei: Japan's ruling party is close to lowering the food tax rate from 8% to 1%.
5. Japanese Minister of Economy, Trade and Industry Minoru Jonouchi: Forecasts shared by the government and the Bank of Japan indicate that consumer inflation will accelerate in the second half of this year, followed by a slowdown.
South Korean Won:
1. UBS Global Wealth Management downgraded South Korean stocks from "Attractive" to "Neutral".
2. South Korea's Finance Minister stated at a cabinet meeting that South Korea will focus on improving the structure and stability of its stock market, with a particular emphasis on accelerating the implementation of ETF measures.
3. South Korea is reshaping its property tax system, with high-value residential properties and non-owner-occupied properties facing higher tax burdens.
Other:
1. Kazakhstan plans to sell up to $300 million in foreign exchange from its oil fund in August.
2. Indonesia's acting central bank governor stated that the country will continue to strengthen its policy mix to maintain the stability of the rupiah, anchor inflation, and support GDP. Efforts to stabilize the rupiah will be intensified, including intervention in the foreign exchange market.
3. The Indian government plans to expand tax incentives to promote foreign investment and the development of domestic manufacturing.
