US and China establish mechanism to prevent escalation, emphasize economic rebalancing and domestic industry strengthening efforts.
USD weakens against CNH; support at 7.1840, resistance at 7.2100. Downward momentum suggests possible decline.
UK unemployment steady at 4.5%; earnings rise, payrolls drop, easing pressure on rate cut decisions.
Silver and Platinum fell despite tariff hopes; Gold rose, leaving metal ratios skewed amid market uncertainty.
Lower tariffs ease pressure, but supply chains need months to recover amid delays, congestion, and rising demand.
USD/JPY may stay range-bound short-term; USD shows momentum with key resistance at 149.30, support 146.00.
Goldman Sachs lowers recession odds, expects fewer Fed rate cuts, and boosts S&P 500 year-end target.
NZD may decline toward 0.5835, with resistance at 0.5960; downside risks exist but remain limited.
UBS raises China’s 2025 growth forecast as trade war impact fades, signaling improved economic prospects.
Yen and franc weakened as U.S. policy shift boosted dollar; Fed rate cut timing remains uncertain.
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