Live Updates

    24 February 2025
    On Sunday, China announced its 2025 rural reform strategies, focusing on revitalisation and various improvements.

    China’s 2025 rural strategy prioritises food security, infrastructure, innovation, local industries, governance, and resource optimisation.

    24 February 2025
    During the early Asian session on Monday, the AUD/USD pair rises above 0.6370 as the US Dollar weakens.

    AUD/USD rises to 0.6370 as weaker US dollar and China’s support boost the Australian Dollar’s strength.

    24 February 2025
    The PBOC is predicted to establish the USD/CNY reference rate at 7.2495 around 0115 GMT.

    The PBOC sets the yuan’s midpoint daily, allowing a 2% fluctuation band while intervening to maintain stability.

    24 February 2025
    Francois Villeroy de Galhau indicated the ECB might lower deposit rates to 2% this summer.

    ECB may cut deposit rate to 2% by summer; QE weakens Euro, while QT strengthens it.

    24 February 2025
    TD Securities predict more aggressive Bank of England rate cuts, potentially weakening GBP despite current optimism.

    GBP may face pressure as the BOE cuts rates faster than expected, with potential risks from trade policies.

    24 February 2025
    Jose Luis Escriva emphasised that interest rate direction remains uncertain, urging cautious monetary policy adjustments.

    Jose Luis Escriva stresses caution in monetary policy amid uncertainty, with the ECB assessing decisions meeting-to-meeting.

    24 February 2025
    The Bank of Japan remains unconcerned about gradual increases in bond yields unless they spike sharply.

    BOJ remains unconcerned about gradual bond yield increases, allowing market forces to dictate long-term rates.

    24 February 2025
    Following the German election, the EUR/USD pair strengthens, attracting buyers around 1.0480.

    EUR/USD rose to 1.0480 after Germany’s election. Weaker US PMI data contributed to the dollar’s decline.

    24 February 2025
    Andrew Bayly, a New Zealand government minister, has stepped down; he’s not Andrew Bailey.

    Andrew Bayly’s resignation may impact New Zealand’s political landscape, causing uncertainty and varied reactions among stakeholders.

    24 February 2025
    Quarterly retail sales in New Zealand, excluding vehicles, rose by 1.4%, contrasting with a decline of 0.8%.

    New Zealand’s retail sales rose 1.4% in Q4, reversing a 0.8% decline, indicating improving consumer spending.

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