President Trump said reaching an agreement with Iran would be preferable to a military strike.

CITIC Securities says having missed this round’s rate-hike window, US equity valuations face near-term pressure regardless of whether the Fed hikes in September; medium-to-long term, realized rate hikes could relieve valuation suppression. The Productivity and Employment Task Force’s positive tilt toward AI supports a durable US AI narrative. At the July 29 FOMC the Fed held for a fifth meeting; three voters supported a 25bp increase, signaling publicized internal divisions and a market split of short-end dovishness versus long-end hawkishness. Rising inflation expectations are capping the dollar and may open a window for Japan MOF FX intervention. Strong growth in CSP cloud businesses partially eases concerns about the sustainability of AI’s large capex. Rate-sensitive sectors, high-valuation/low-growth segments and small caps are under pressure; the next potential liquidity pivot is Jackson Hole at end-August or the September policy meeting.

【2026年8月3日銀行間外匯市場人民幣匯率中間價】 美元/人民幣報6.7898，上調（人民幣貶值）4點； 歐元/人民幣報7.8068，上調182點； 港元/人民幣報0.86587，上調2.8點； 英鎊/人民幣報9.1227，上調245點； 澳元/人民幣報4.7608，上調167點； 加元/人民幣報4.8222，上調16點； 100日元/人民幣報4.2898，上調695點； 人民幣/俄羅斯盧布報11.7743，下調394點； 新西蘭元/人民幣報3.9866，上調213點； 人民幣/林吉特報0.6030，上調0.6點； 瑞士法郎/人民幣報8.3815，下調72點； 新加坡元/人民幣報5.2794，上調42點。