Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
US and Japan Fast-Track $550 Billion Strategic Investment Initiative 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session 
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
USD/CNH chart - Trading View
Profit at China's industrial firms slowed for the fifth straight month in July, rise at the slowest pace this year as businesses grapple with higher costs and supply bottlenecks.
Data from the National Bureau of Statistics (NBS) showed on Friday China's industrial firms' profits in July increased 16.4% on an annual basis to 703.67 billion yuan ($108.51 billion), compared to a 20% gain in June.
The rise was the slowest rise this year, adding to growing evidence that China's economic recovery from a coronavirus-battered slump was losing momentum.
In the first seven months of the year, industrial firms' profits grew a hefty 57.3% on year, due to base effects.The pace was however, slower than the 66.9% surge in first half of 2021.
Liabilities at industrial firms rose 8.2% year-on-year at end-July, down from 8.5% growth as of end-June.
The People’s Bank of China in mid-July lowered the reserve requirement ratio for banks and headwinds to growth suggest the central bank will keep its accommodative stance.
USD/CNH was trading 0.04% lower on the day at 6.4808 at around 05:10 GMT. The pair grinds sideways along 200-DMA, major trend is bearish. Trend reversal likely on decisive break above 200-DMA.
