The People's Bank of China has set the USD/CNY mid-point at 6.7889, significantly higher than market expectations, reflecting continued monetary policy adjustments amidst economic pressures.
US producer prices fell 0.3% in June and annual PPI slowed to 5.5%, easing some inflation concerns and placing modest pressure on the US Dollar.
Noxa stopped new token launches after generating nearly $12 million in fees, disrupting Robinhood Chain’s memecoin market and redirecting future revenue to creators.
Strategy CEO Phong Le says the company would begin reassessing debt risk if Bitcoin fell toward $8,000-$10,000, while its preferred stock and valuation remain under pressure.
China’s economy expanded 4.3% in the second quarter as strong exports and industrial production contrasted with weak consumption and investment.
The Bank of Canada is expected to keep its policy rate at 2.25%, with traders focused on inflation risks, economic slack and any guidance about future tightening.
Norway’s underlying inflation fell to an 18-month low, weighing on the krone, but analysts still expect Norges Bank to deliver one final interest-rate increase.
Gold gave back part of its post-CPI advance as the US Dollar and Treasury yields recovered, while persistent inflation risks kept the Federal Reserve’s hawkish stance intact.
Canadian Dollar positioning has begun to improve before the Bank of Canada decision, but weak domestic demand for Canadian assets limits the case for a sustained CAD rally.