US Senate Postpones CLARITY Act Crypto Vote to September
The US Senate has deferred a vote on the CLARITY Act, a significant piece of crypto legislation, until after its August recess.
Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
The US Senate has deferred a vote on the CLARITY Act, a significant piece of crypto legislation, until after its August recess.
India's central bank intervenes to support the rupee, utilizing dollar reserves, while global factors like oil prices and Fed expectations also play a role.
China's exports exceeded expectations in July, driven by global AI demand, even as new trade tensions with the US emerged.
China reported a trade surplus of $112.5 billion in June, surpassing analyst expectations despite a decrease from the previous month's record.
Chinese exports in July significantly exceeded market expectations, rising by 23.9% year-on-year, indicating robust global trade.
China's import growth in July fell short of predictions, while export expansion surpassed forecasts, indicating a mixed trade picture.
China's exports experienced a significant year-over-year increase in July, surpassing analyst forecasts and showing robust trade performance.
Renewed Middle East concerns and a shift from AI stocks affected Asian markets, boosting oil and the dollar while pressuring risk-sensitive currencies.
China reported stronger-than-anticipated export growth in July, while import expansion moderated, leading to a significant trade surplus.
The US Senate has postponed a crucial vote on the Digital Asset Market Clarity Act until September, prolonging regulatory ambiguity for the crypto industry.
Chinese investors have significantly increased their gold ETF investments, marking the longest inflow streak since March, as central bank demand continues.
China's central bank established the yuan's daily reference rate against the US dollar, while also conducting significant liquidity operations.
A recent report indicates the European Central Bank learned of the US side of last week's yen intervention only after its completion.
Japanese household expenditures dropped for a seventh consecutive month in June, complicating the Bank of Japan's monetary policy outlook.
UOB analysts observe a weakening trend in USD/CNH, suggesting potential for the Dollar to test lower support levels in the near term.
Japan's primary stock index is undergoing a significant restructuring, potentially delisting over 600 smaller companies.
Japan's household spending saw a significant month-on-month decline in June, falling well below economist expectations.
Japan's household spending saw a notable contraction in June, falling short of analyst predictions and marking a fifth consecutive monthly decline.
The South Korean Won has shown resilience against the US Dollar, supported by a stable Federal Reserve stance and robust demand for AI-related semiconductors.
Japan's pension fund GPIF might gain more operational flexibility within its current asset allocation framework, rather than a full strategy overhaul.
UOB analysts suggest the Singapore dollar's potential gains against the US dollar may be constrained, following recent stable trading patterns.
A Federal Reserve official expressed concerns over current financial conditions and asset valuations, suggesting potential for unanchored inflation expectations.
A Federal Reserve official recently confirmed his preference for a rate hike at the last FOMC meeting, highlighting inflation risks.
Bitcoin hovers near $64,000, experiencing a modest dip as global risk sentiment is impacted by rising crude oil prices.
Real-time quotes powered by TradingView