US dollar:
1. Trump: If people want to challenge the dollar, they will pay a price.
2. Trump: If Fed Chairman Powell misleads Congress, he should "resign immediately" and should cut interest rates immediately.
3. According to the Wall Street Journal: Hassett, director of the US National Economic Council, has become a strong contender for the next Fed chairman. He met with Trump in June.
4. Fitch: US stablecoin legislation may address some key credit risks and increase its usage.
Major non-US currencies:
1. UK Office for Budget Responsibility (OBR): By the early 2070s, UK debt will exceed 270% of GDP.
2. The Hong Kong Monetary Authority provides banks with HK$4.67 billion in liquidity through the discount window.
3. Junko Koeda, a member of the Bank of Japan's review committee: The Bank of Japan's weighted median inflation is still below 2%, and it is necessary to carefully examine whether the momentum of stable inflation has been integrated into the Japanese economy.
4. The Reserve Bank of New Zealand kept the benchmark interest rate unchanged at 3.25%, in line with market expectations. The bank said it expects to further reduce the official cash rate if medium-term inflationary pressures continue to ease as expected.
5.
Reuters poll: All 30 economists surveyed believe that the Reserve Bank of Australia will cut the cash rate to 3.60% in August. The median forecast shows that the Reserve Bank of Australia is expected to cut the cash rate to 3.35% by the end of 2025, compared with a median forecast of 3.10% in the July pre-meeting survey.
Others:
1. The Federation of Thai Industries estimates that Thailand's exports have suffered losses of about 800 billion to 900 billion baht due to US tariffs.
2. Vietnamese Prime Minister: The growth target of at least 8% in 2025 is a huge challenge.
3. Minutes of the Bank of Thailand meeting: Monetary policy should remain accommodative to support the economy moving forward. The probability of a technical recession in the near term remains low.
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