š¦šŗ 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.
š³šæ 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 movedāāāweak export trends continue to cloud growth prospects.
šØš³ China: The PBOC surprised by setting the yuan reference rate 175 pips stronger than expectedāāāthe firmest fix since Nov 2024. This sends a strong message of support for the yuan, aiming to calm FX markets amid global pressures.
šŗšø Trump & Geopolitics: Trump threatened strikes on Iran if nuclear activity escalates, repeating his hardline stance. No immediate action, but tensions remainĀ high.
šÆšµ JapanāUS Trade Talks: Japanese negotiators met with US officials in Washington. Discussions were āfrankā but produced no progress on tariff disputes. Uncertainty continues to pressure Japanās tradeĀ outlook.
š®š³ USāIndia Deal Delayed: Despite Trumpās 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 untilĀ autumn.
š Markets open today with caution, as investors digest trade risks, central bank signals, and political tensions.
š² Stay tuned with NordFX for all the latest market-moving news!
š Morning Market Update | 22.07.2025 š was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.