Live Updates

9 May 2025
Hua, China’s Vice Foreign Minister, expressed confidence in overcoming US trade challenges without fear

China asserts confidence in trade resilience, opposes conflict, and readies for U.S. discussions amid tensions.

9 May 2025
As the Yen strengthens from positive spending data, AUD/JPY falls close to 93.00 level

AUD/JPY falls as Japan’s household spending surges, boosting yen; Aussie supported by strong Chinese trade.

9 May 2025
Several Federal Reserve officials are scheduled to address various conferences and panels on economic topics

Federal Reserve officials, including Williams and Barr, discuss monetary policy and employment at global economic conferences Friday.

9 May 2025
In February, Austria’s year-on-year industrial production fell to 1.4% from 1.8%

Austria’s industrial growth slowed; EUR/USD rose; gold gained; Ripple awaits court nod post-settlement.

9 May 2025
PBOC establishes CNY midpoint at 7.2095, lower than the anticipated 7.2581 amid market adjustments

The yuan strengthens as PBOC lowers midpoint and injects liquidity via 77 billion yuan reverse repo.

9 May 2025
The NY cut for May 9 FX option expiries at 10:00 Eastern Time is detailed below

FX option expiries for 9 May include large positions in EUR/USD, USD/JPY, GBP/USD, AUD/USD, and USD/CAD.

9 May 2025
The EUR/USD pair recovers above 1.1200 but faces challenges from a strengthening US Dollar

EUR/USD rises above 1.1200 amid easing trade tensions; ECB rate cut fears pressure the Euro.

9 May 2025
China is contemplating a ban on home pre-sales to mitigate risks and support the property market

China may ban home pre-sales, aiming to stabilize housing, reduce debt, and shift to completed-home sales.

9 May 2025
The March Leading Economic Index for Japan exceeded predictions, recording an actual value of 107.7

Japan’s economic index beats forecasts; EUR/USD steady; gold gains on tensions; Ripple eyes SEC settlement.

9 May 2025
Kato, Japan’s finance minister, stated that lowering the consumption tax is inappropriate at this time

Lowering Japan’s consumption tax is inappropriate, says Finance Minister Kato, citing fiscal responsibility and demographic challenges.

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