Market news
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GBP/USD Stays Below 1.3200 as Hormuz Attack Boosts Safe-Haven USD
The GBP/USD pair holds a positive bias for a second day but remains below 1.3200 as a ship attack near Hormuz strengthens demand for the safe-haven US dollar.
USD/CAD Drops to 1.4200 as Oil Rally Boosts Canadian Dollar
USD/CAD fell for a second straight day, trading near 1.4200 in Asian trading on Friday, as rising oil prices supported the commodity-linked Canadian Dollar.
AUD/USD Dips to 0.6900 on Fed Rate Hike Expectations
The Australian dollar weakened against the US dollar during Asian trading on Friday, with the pair falling to around 0.6900 as markets price in further Federal Reserve rate hikes.
Yen Consolidates Near 40-Year Low After Tokyo CPI, Intervention Risks Loom
USD/JPY trades just below 162.00, near its lowest in four decades, as traders weigh Tokyo CPI data and the threat of Japanese intervention.
PBOC Sets USD/CNY Reference Rate at 6.8166 vs 6.8209 Previous
The People's Bank of China set the USD/CNY central parity rate at 6.8166 on Friday, slightly stronger than the previous fix of 6.8209, but weaker than the Reuters estimate of 6.8015.
WTI Holds Gains Near $71.50 After Cargo Vessel Incident Near Oman
West Texas Intermediate crude oil extended gains for a second session, trading around $71.50 per barrel following reports of a cargo vessel incident near Oman.
Euro Nears 13-Month Low at 1.1365 as US Inflation Data Boosts Dollar
EUR/USD slipped to around 1.1365 in early Asian trading on Friday, approaching a 13-month low, as stronger US PCE inflation figures reinforced expectations of further Federal Reserve rate hikes.
US Net Capital Inflows Surge to Record $884 Billion
US net capital inflows hit a record $884 billion in the year through April 2026, nearly tripling since early 2025, driven by surging private and official purchases of US assets.
UN IMO pauses Strait of Hormuz evacuation after cargo ship attack
The UN's International Maritime Organization has halted plans to evacuate over 11,000 sailors stranded in the Strait of Hormuz following an attack on a Singapore-flagged cargo ship in the waterway.
Japan Tokyo CPI Rises to 1.7% in June
Tokyo's headline Consumer Price Index rose 1.7% year-on-year in June, accelerating from 1.4% in May, according to data from the Statistics Bureau of Japan. The reading may influence Bank of Japan policy expectations and the yen.
OpenAI to Stagger GPT-5.6 Rollout After Trump Admin Request
OpenAI will stagger the release of GPT-5.6 following a request from the Trump administration. The initial rollout will be limited to 20 trusted partners via Amazon Bedrock as the U.S. seeks greater oversight of frontier AI models.
Canada's Carney Calls for Restoring Diplomatic Ties with Iran, Venezuela
Canadian Prime Minister Mark Carney stated that Canada should re-establish diplomatic representation in Iran and Venezuela, emphasizing that having embassies does not endorse their governments' policies.
Gold slides below $4,050 on Fed rate hike bets after US PCE data
Gold prices fell to around $4,020 during early Asian trading as stronger US PCE inflation data reinforced expectations of a Federal Reserve rate hike. Traders are now looking ahead to the Michigan Consumer Sentiment Index for further direction.
Samsung Group May Invest KRW 1,000 Trillion in South Korea Over Next Decade
Media reports suggest Samsung Group could invest KRW 1,000 trillion in South Korea over the next 10 years, including KRW 300 trillion from Samsung Electronics for new chip factories.
US M&A Deal Value Hits Record $1.89 Trillion, Tripling Since 2023
The total value of US M&A deals over the past four quarters reached $1.89 trillion, nearly tripling from Q2 2023 and surpassing previous peaks in 2021 and the dot-com bubble. Stock financing accounted for 49% of deal value, the highest since 2001.
BHP Group names Brandon Craig as CEO, splits Americas role
BHP Group has appointed Brandon Craig as CEO and director effective July 1, 2026, as part of a broader leadership restructuring. The company also split its President Americas role into separate North and South America positions.
Beijing Tong Ren Tang Healthcare Launches HK IPO of 108.15M Shares
Beijing Tong Ren Tang Healthcare Investment Co has launched a global offering of 108.15 million H shares, with a maximum offer price of HK$6.21 per share.
Crude Oil Bounces on Hormuz Scare but Fails to Sustain Gains
WTI crude oil edged higher on Thursday following a geopolitical scare related to the Strait of Hormuz, but the rally lacked conviction and most gains were given back.
Mexican Peso Rallies After Banxico's Unanimous Hold at 6.50%
The Mexican Peso gained over 0.62% against the US Dollar on Thursday after Banxico unanimously held its key rate at 6.50%, lifting USD/MXN to 17.49.
Taiwan Stock Trade Defaults Surge 300%, Exceed 2021 Record
Taiwan stock trade defaults hit $62 million in June, the highest monthly tally since 2019, as margin debt surges 160% annually to $19 billion, nearing dot-com bubble peaks.
OpenAI Considers Delaying IPO to 2027 Due to Market Volatility
OpenAI is reportedly leaning toward postponing its initial public offering until 2027, citing choppy markets and concerns over retail investor enthusiasm.
US Tells OpenAI to Limit GPT 5.6 Release While Government Reviews It
The US government has directed OpenAI to limit the release of its GPT 5.6 model while conducting a review, according to The Information. OpenAI CEO Sam Altman stated that this is not the company's preferred long-term model.
Silver Bounces From 56.50 but Fades Below 59.00
Silver saw a rare green session on Thursday, bouncing from 56.50 to near 59.00 after US data, then fading to around 58.00, up roughly 0.8%.
JPMorgan Board Wants Dimon to Stay CEO for Several More Years
JPMorgan's board is reportedly keen for Jamie Dimon to remain CEO for several more years, with a likely three-year extension before transitioning to executive chairman.