🇦🇺 Australia: The Reserve Bank of Australia leaned cautiously towards holding rates steady at 3.85%. While 3 out of 9 board members supported a rate cut, the majority stressed firm inflation and tight labour market conditions. Markets may dial back expectations for immediate cuts, supporting the AUD and short-term yields.
🇳🇿 New Zealand: A June trade surplus of NZ$142M was reported, but exports dropped for the first time in nearly two years. The annual deficit remains high at NZ$4.37B. The Kiwi dollar was barely moved — weak export trends continue to cloud growth prospects.
🇨🇳 China: The PBOC surprised by setting the yuan reference rate 175 pips stronger than expected — the firmest fix since Nov 2024. This sends a strong message of support for the yuan, aiming to calm FX markets amid global pressures.
🇺🇸 Trump & Geopolitics: Trump threatened strikes on Iran if nuclear activity escalates, repeating his hardline stance. No immediate action, but tensions remain high.
🇯🇵 Japan–US Trade Talks: Japanese negotiators met with US officials in Washington. Discussions were “frank” but produced no progress on tariff disputes. Uncertainty continues to pressure Japan’s trade outlook.
🇮🇳 US–India Deal Delayed: Despite Trump’s optimism, reports say no mini trade deal will be ready before 1 August. Sticking points remain on tariffs and agricultural concessions. A broader agreement may be delayed until autumn.
📈 Markets open today with caution, as investors digest trade risks, central bank signals, and political tensions.
📲 Stay tuned with NordFX for all the latest market-moving news!
📊 Morning Market Update | 22.07.2025 🌍 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.