GBP/USD climbs on weak USD, supported by strong UK data, despite BoE outlook; further gains possible.
USD/JPY falls below 149.00 as yen strengthens amid easing concerns over Japanese Government Bond yield increases.
China’s No.1 document focuses on rural reforms, agricultural productivity, and grain security, impacting Australia’s trade and AUD.
China’s 2025 rural strategy prioritises food security, infrastructure, innovation, local industries, governance, and resource optimisation.
AUD/USD rises to 0.6370 as weaker US dollar and China’s support boost the Australian Dollar’s strength.
The PBOC sets the yuan’s midpoint daily, allowing a 2% fluctuation band while intervening to maintain stability.
ECB may cut deposit rate to 2% by summer; QE weakens Euro, while QT strengthens it.
GBP may face pressure as the BOE cuts rates faster than expected, with potential risks from trade policies.
Jose Luis Escriva stresses caution in monetary policy amid uncertainty, with the ECB assessing decisions meeting-to-meeting.
BOJ remains unconcerned about gradual bond yield increases, allowing market forces to dictate long-term rates.
