US, Japan reaffirm FX commitments; Kato cites significance after US tariff order

PBOC is expected to set the USD/CNY reference rate at 7.1081 – Reuters estimate. PBOC CNY reference rate setting for the trading session ahead.

Japan and the US have reaffirmed their agreement not to manipulate FX rates. Yeah, right.

Ex-Goldman CEO Lloyd Blankfein warned the U.S. is “due” for another crisis, pointing to hidden risks in credit markets such as narrow spreads and leveraged private credit. Stays 100% in on equites though.

Saudi Aramco secures $10.3B for Jafurah gas project, boosting reserves & production amid rising global energy demand.

US immigration crackdown risks $350B SK investment. Visa hurdles & raids may deter foreign capital, impacting manufacturing growth.

Peru slashes rates to 4.25% as inflation hits 1.11%! Economic growth at 4.5% may limit further easing.

Bessent will meet with Chinese officials, in Madrid next week US Treasury Secretary Bessent