South Korea August consumer price index marks slowest rise y/y since November 2024

South Korea August consumer price index marks slowest rise y/y since November 2024. Headline and core rates both drop in the month.

New Zealand terms of trade for Q2 2025 surges by +4.1% q/q (expected +1.9%). At the margin better ToT is supportive for the currency.

Gold tokens hit $2.57B cap as gold nears $3470 peak. XAUT surges $437M, PAXG adds $141.5M. Safe haven demand rises.

Morgan Stanley tips Fed for a dovish slam-dunk: three or more consecutive rate cuts coming Sees risks the Fed could cut rates more sharply than markets expect, potentially taking fed funds as low as 2.25% in 2025.

UBS tips a Fed ‘four-peat’: four straight rate cuts at the next four meetings. UBS’s forecast of a Fed rate-cut ‘four-peat’ points to softer Treasury yields and a firmer euro as dollar downside risks grow.

L'Oréal stock jumps 17% to $400, boosting heiress's wealth by $24B (32%) to $98B. JPM upgrades.

White House claims $8T tariff revenue, but Treasury reports $142B. Is it investment or a typo? Traders eye AI stock impact.