Live Updates

7 March 2025
Canada intends to review Trump’s executive order before issuing any response regarding tariffs

Canada reviews US order’s impact amid trade uncertainty, assessing scope and potential adjustments before responding to tariffs.

6 March 2025
The PBOC sets today’s yuan reference at 7.1692, lower than the estimated 7.2386, amid liquidity adjustments.

PBOC sets USD/CNY midpoint at 7.1692, stronger than expected. Net liquidity drain reaches 110.5 billion yuan.

6 March 2025
Atsushi Mimura highlights rising trade protectionism and the need to balance globalisation’s challenges

Atsushi Mimura, Japan’s top currency diplomat, stresses balance in addressing globalisation downsides without protectionist measures.

6 March 2025
Trump announced plans to collaborate with House Republicans on government funding through September without expenditure cuts

Trump collaborates with House Republicans on funding resolution, aiming for tax cuts, spending reductions, and a spending freeze.

6 March 2025
The PBOC is anticipated to establish the USD/CNY reference rate at 7.2386 according to Reuters

The PBOC sets the yuan’s daily midpoint, allowing a 2% trading band and intervening to stabilise fluctuations.

6 March 2025
The yen weakened as the 10-year JGB yield reached a peak not seen since 2009

The yen weakens as Japan’s 10-year bond yield hits 1.5%, its highest level since 2009.

6 March 2025
Roberto Perli discussed potential implications of the Fed pausing quantitative tightening at a university event

Roberto Perli stated balance sheet reduction continues smoothly, with no short-term pause expected despite policy uncertainties.

6 March 2025
Germany’s fiscal changes boost the euro, but future tariffs could trigger its decline again

Germany may ease fiscal rules for military and infrastructure, while US tariffs could impact euro strength and EUR/USD trends.

6 March 2025
Roberto Perli of the New York Fed oversees a smooth balance sheet reduction amid robust liquidity levels

Roberto Perli manages the Fed’s $6.8 trillion portfolio, overseeing monetary policy, balance sheet reduction, and market liquidity.

6 March 2025
Trump is re-evaluating agricultural tariff exemptions for Mexico and Canada, impacting business confidence and economics

Trump considers agricultural tariff exemptions for Mexico and Canada, marking a shift that impacts business confidence and economics.

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