US Dollar:
1. Former US Treasury Secretary Summers: The Fed's policy is accommodative, and inflation remains the primary concern.
2. ECB Governing Council member Escriva: The large-scale expansion of stablecoins could strengthen the US dollar.
3. White House Economic Advisor Hassett: Milan's analysis is sincere and unaffected by politics. It appears that non-inflationary economic growth is beginning to emerge.
4. US continuing jobless claims data contained a major error, with one state's figures understated by nearly 20,000.
5. The Trump administration asked the US Supreme Court to allow the president to fire Federal Reserve Board Governor Tim Cook.
Euro:
1. ECB Vice President Guindos: The euro exchange rate does not have a target, and more attention is paid to its evolution. Given the high uncertainty, a "very cautious" approach should be adopted.
2. ECB Governing Council member Escriva: The euro has the opportunity to play a greater international role. The large-scale expansion of stablecoins could strengthen the US dollar.
3. European Commission Trade Commissioner Valdis Dombrovskis: Accelerating the digitalization of the euro is crucial.
4. ECB Governing Council member Nagel: The inflation outlook is very stable. Pound:
1. The Bank of England held its policy rate unchanged at 4.00%, with two members voting in favor of a rate cut.
2. Bank of England Governor Bailey: "We continue to believe further rate cuts are coming."
3. Traders are increasing their bets on Bank of England easing policy, predicting a 45 basis point rate cut by the end of 2026.
4. JPMorgan: We expect the Bank of England to cut interest rates by 25 basis points in February 2026 and May 2026, respectively (previously forecasting cuts in November 2025 and February 2026).
5. Goldman Sachs: We no longer expect the Bank of England to cut interest rates in 2025, having previously predicted a November cut.
Yen:
1. The Bank of Japan held interest rates steady, with two members proposing a 25 basis point rate hike. The Bank of Japan also launched an ETF sales program, reducing its holdings by 330 billion yen annually. 2. Bank of Japan Governor Kazuo Ueda: If the economy and prices develop as expected and as economic and price conditions improve, policy interest rates will continue to be raised. Adjusting monetary policy by changing the pace of ETF sales is not considered.
3. Japanese Prime Ministerial Candidate Sanae Takaichi: We will relentlessly pursue economic growth. The top priority should be achieving economic growth, not restoring fiscal health.
Others:
1. Bank of Korea Governor: The Bank of Korea will pilot a "Korean version of the dot plot."
2. The Central Bank of Jordan cut its interest rate by 25 basis points.
3. The Norges Bank cut its interest rate by 25 basis points to 4.00%, in line with market expectations.
4. A Reuters poll: Bearish bets on the Indian rupee rose to their highest level since early February, while short bets on the Indonesian rupiah rose to a four-month high.
5. Bank of Thailand: We have taken action on the Thai baht and are closely monitoring it. We have not observed any unusual speculation in the Thai baht; the baht is stronger than its fundamentals.
6. Bank of Russia Governor: We will gradually lower our key interest rate.
