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InvestingLive Asia-Pacific FX news wrap: JPY gaps on Japan election; NZD slips on CPI
InvestingLive Asia-Pacific FX news wrap: JPY gaps on Japan election; NZD slips on CPI
News for Asian trading on Monday, July 21, 2025
Session wrap
Wrap Asia
China’s rare earth magnet exports to U.S. surge 660% after June trade deal breakthrough
China’s rare earth magnet exports to U.S. surge 660% after June trade deal breakthrough
As part of the broader deal, Nvidia also plans to resume sales of its H20 AI chips to China.
China
Trump eyes 15% tariffs on EU goods, bloc warns of sharp retaliation if no deal by Aug. 1
Trump eyes 15% tariffs on EU goods, bloc warns of sharp retaliation if no deal by Aug. 1
Wall Street Journal reports that Trump is likely to demand further concessions in ongoing trade talks
China quietly issues 2025 rare earth quotas, tightening grip on EV-critical supply chain
China quietly issues 2025 rare earth quotas, tightening grip on EV-critical supply chain
China's first rare earth mining and smelting quotas for 2025 issued without the usual public announcement
CNY
China Stock Market
China
CNH
UK consumer confidence sees sharpest drop since 2022 on job fears, inflation pressures
UK consumer confidence sees sharpest drop since 2022 on job fears, inflation pressures
Deloitte’s index fell 2.6 points to 10.4%, the lowest reading since early 2024, driven by job security fears.
UK house prices post steepest July drop in 20+ years as sellers slash to lure buyers
UK house prices post steepest July drop in 20+ years as sellers slash to lure buyers
Asking prices for newly listed UK homes fell 1.2% in July, the sharpest drop for that month in over 20 years.
Has Trump's social media app been hacked?
Has Trump's social media app been hacked?
Careful of this for now, I don't know
Politics
New Zealand Q2 CPI 0.5% q/q (expected 0.6%) 2.7% y/y (expected 2.8%)
New Zealand Q2 CPI 0.5% q/q (expected 0.6%) 2.7% y/y (expected 2.8%)
New Zealand inflation data a little lower than expected
JPY has opened trading for the week much stronger. USD/JPY circa 147.85, EUR/JPY 172.10
JPY has opened trading for the week much stronger. USD/JPY circa 147.85, EUR/JPY 172.10
Indicative rates for the yen, the currency is stronger following the weekened Japanese election
Monday open levels, indicative FX prices, 16 June 2025
Monday open levels, indicative FX prices, 16 June 2025
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there.
Forexlive Americas FX news wrap 18 Jul:The USD closes higher vs major currencies this week
Forexlive Americas FX news wrap 18 Jul:The USD closes higher vs major currencies this week
Forex news for North American trading on Jul 18, 2025
Session wrap
Wrap Nth America
Forexlive Americas FX news wrap 18 Jul:The USD closes higher vs major currencies this week
Forexlive Americas FX news wrap 18 Jul:The USD closes higher vs major currencies this week
Forex news for North American trading on Jul 18, 2025
Session wrap
Wrap Nth America
What key events the releases are scheduled for next week's trading?
What key events the releases are scheduled for next week's trading?
A look at the key economic data and events highlighted by the ECB rate decision
ECB
USD
What key events the releases are scheduled for next week's trading?
What key events the releases are scheduled for next week's trading?
A look at the key economic data and events highlighted by the ECB rate decision
ECB
USD
Baker Hughes oil rig count -2 to 422
Baker Hughes oil rig count -2 to 422
The weekly Baker Hughes rig count for the current week
Baker Hughes oil rig count -2 to 422
Baker Hughes oil rig count -2 to 422
The weekly Baker Hughes rig count for the current week
Major European indices are closing mixed to end the week
Major European indices are closing mixed to end the week
The clock is ticking to the August 1 tariff day. EU tariff rate is currently at 30%.
Stocks
Major European indices are closing mixed to end the week
Major European indices are closing mixed to end the week
The clock is ticking to the August 1 tariff day. EU tariff rate is currently at 30%.
Stocks
IMF: Since April, economic indicators reflect a complex backdrop shaped by trade tension
IMF: Since April, economic indicators reflect a complex backdrop shaped by trade tension
IMF reports on the global economy's challenges due to trade tensions, reflecting frontloading, tariff increases, and financial conditions.
IMF: Since April, economic indicators reflect a complex backdrop shaped by trade tension
IMF: Since April, economic indicators reflect a complex backdrop shaped by trade tension
IMF reports on the global economy's challenges due to trade tensions, reflecting frontloading, tariff increases, and financial conditions.
If the Fed were to cut rates to 1% as Trump demands, long term rates would actually rise
If the Fed were to cut rates to 1% as Trump demands, long term rates would actually rise
While we cannot be 100% sure about economic outcomes, Trump's view on interest rates is very unrealistic in the current context
Bonds
If the Fed were to cut rates to 1% as Trump demands, long term rates would actually rise
If the Fed were to cut rates to 1% as Trump demands, long term rates would actually rise
While we cannot be 100% sure about economic outcomes, Trump's view on interest rates is very unrealistic in the current context
Bonds
US housing starts 1.321M vs 1.300M estimate
US housing starts 1.321M vs 1.300M estimate
US housing starts and building permits for June
US housing starts 1.321M vs 1.300M estimate
US housing starts 1.321M vs 1.300M estimate
US housing starts and building permits for June
Fed's Waller: If the president asked me to do the Fed chair job, I'd say yes
Fed's Waller: If the president asked me to do the Fed chair job, I'd say yes
There's been lots of chatter about Waller turning dovish to get the Fed Chair position
US Bessent on Japan: A trade deal remains in the 'realm of possibility'
US Bessent on Japan: A trade deal remains in the 'realm of possibility'
Comments from the US Treasury Secretary, Scott Bessent
Politics