BoJ holds at 0.50%, lifts 2025 inflation projections sharply on food costs.The BoJ kept its short-term policy rate unchanged at 0.50% as expected, reaffirming its cautious stance in the face of growing external risks. While the central bank reiterated its intention to continue normalizing policy in light of improving economic and price conditions, it also cited heightened uncertainty around global trade and policy developments as justification for a steady hand.
InvestingLive Asia-Pacific FX news wrap: Chinese PMIs disappoint, BoJ on hold as expected.Trump unveiled a South Korea trade deal featuring a 15% US tariff. South Korea pledged US$350 billion in investments for U.S.-based projects, which will be selected directly by President Trump.
AUD/USD, NZD/USD, USD/JPY React to Fed Pause and Easing Trade Tensions.The US dollar surged to a two-month high, fueled by the Fed's hawkish pause and easing global trade tensions, which pressured AUD/USD and NZD/USD while strengthening USD/JPY.
Trump's tariff threat puts rupee in firing line, traders reckon RBI may step in.The Indian rupee is set to open weaker on Thursday after U.S. President Donald Trump threatened a 25% levy on Indian exports before adding that negotiations between the two countries are still ongoing.
BOC Holds at 2.75% While Inflation and Trade Risks Cloud Outlook.BOC kept interest rates unchanged at 2.75% in July as policymakers grapple with persistent U.S. trade uncertainty and mixed economic signals.