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[RMB midpoint rate in the interbank foreign exchange market on July 1, 2025] USD/RMB reported 7.1534, down 52 points (RMB appreciation); EUR/RMB reported 8.4305, up 281 points; HKD/RMB reported 0.91126, down 6.9 points; GBP/RMB reported 9.8197, down

2025-07-01

[RMB midpoint rate in the interbank foreign exchange market on July 1, 2025] USD/RMB reported 7.1534, down 52 points (RMB appreciation); EUR/RMB reported 8.4305, up 281 points; HKD/RMB reported 0.91126, down 6.9 points; GBP/RMB reported 9.8197, down 103 points; AUD/RMB reported 4.7036, up 219 points; CAD/RMB reported 5.2557, up 199 points; JPY100/RMB reported 4.9738, up 144 points; RMB/Russian Ruble reported 10.9342, down 216 points; NZD/RMB reported 4.3568, up 93 points; RMB/RMB reported 0.58727, down 26.9 points; CHF/RMB reported 9.0181, up 460 points; SGD/CNY was quoted at 5.6287, up 108 points.

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2025-07-01

[Media: US officials seek to narrow the scope of trade agreements and strive to reach an agreement before July 9] According to the Financial Times, Trump's senior trade officials are scaling back their ambitions to reach comprehensive reciprocal agre

[Media: US officials seek to narrow the scope of trade agreements and strive to reach an agreement before July 9] According to the Financial Times, Trump's senior trade officials are scaling back their ambitions to reach comprehensive reciprocal agreements with foreign countries and seeking to reach smaller agreements to avoid the United States from re-imposing tariffs. Four sources said that US officials are seeking to reach a phased agreement with the countries with the highest level of participation, and they are striving to reach an agreement before July 9. This smaller and piecemeal new agreement plan marks the White House's abandonment of its commitment to reach 90 trade agreements during the 90-day suspension of comprehensive "reciprocal" tariffs announced by the president on April 2, but it also provides some countries with an opportunity to reach a modest agreement. People familiar with the matter said that the BRICS countries are seeking to reach a "principle agreement" on a few trade disputes before the deadline. Countries that agree to these narrower agreements will be exempt from the more severe reciprocal tariffs, but will still be subject to the existing 10% basic tariff, while negotiations on more difficult issues continue. However, the negotiations remain complicated, and the US government is also considering tariffs on key industries.
2025-06-30

At the opening of the night session, the main domestic futures contracts rose and fell. Coking coal fell by more than 2%, soda ash, coke, and glass fell by more than 1%. In terms of increase, asphalt, SC crude oil, and soybean meal rose slightly.

At the opening of the night session, the main domestic futures contracts rose and fell. Coking coal fell by more than 2%, soda ash, coke, and glass fell by more than 1%. In terms of increase, asphalt, SC crude oil, and soybean meal rose slightly.
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