US Dollar
1. Fed's Kashkari: The US Treasury market is still functioning normally.
2. Hedge funds increased their short positions in the dollar ahead of Bessant's release of fiscal plan details.
3. US August composite PMI hit a four-year high; S&P predicts Q3 GDP may reach 3%.
4. Barclays: Warsh may advocate reducing the Fed's use of forward guidance and is unlikely to provide near-term guidance.
Euro
1. Eurozone business activity growth hit a new high since November last year in August.
2. The ECB's July 3-year CPI forecast for the Eurozone was 2.7%, lower than the expected 2.80%.
3. French business activity contracted more than expected in August, with the service sector dragged down by high temperatures.
4. ECB Governing Council member Kazakshak: Further rate hikes have advantages and disadvantages. We will make a decision in September based on the data.
South Korean Won
1. A weaker dollar coupled with strong chip exports pushed the South Korean won to a near one-year high.
2. South Korean Presidential Office: President Lee Jae-myung appoints Park Jung-Sung as Trade Minister.
3. Analysts: Cash dividend plans by South Korean chipmakers may further boost the won's appreciation.
Other:
1. Traders reveal: The Reserve Bank of India may intervene in the market on Monday.
2. The Central Bank of Turkey restores its financing rate to the policy rate of 37%.
3. Poll: Over 70% of Canadians support withdrawing from Canada-US trade negotiations.
4. Swiss National Bank Governing Council member Tschudin: If inflation requires, interest rates will be lowered to below 0%.
5. Japanese Prime Minister Sanae Takaichi: Long-term interest rates are gradually rising, including in Japan. We will strive to achieve an economy where wage growth exceeds the inflation rate.
6. According to Nikkei: Japan's Ministry of Finance is considering setting the assumed interest rate for calculating debt repayment costs at 3.8% in the 2027/28 fiscal year budget request.
7. U.S. Treasury Secretary Bessenter will hold a press conference at 02:00 Beijing time on the 25th, after previously announcing that he would impose the “toughest sanctions in history” on Iran.
