January inflation was 2.5%, aligning with RBA’s target. Rate cuts remain unlikely. AUD fluctuated, Chinese equities gained.
CPI rose to 0.3%, EUR/USD recovered, gold stabilised, Maker gained 12%, and upcoming reports focus on inflation.
Swati Dhingra will discuss trade fragmentation and monetary policy at NIESR on 26 February 2025.
USD steadied as markets watched Trump’s tariff policy. EUR/USD lost momentum, while USD/JPY dropped before rebounding.
Japan Post plans to sell shares, reducing its stake below 50%, enhancing flexibility, and supporting governance reforms.
EUR/GBP declines as Germany’s confidence falls; ECB rate cuts expected; UK plans major defence spending increase.
Standard Chartered predicts Bitcoin may drop to the low $80,000s amid market pressures and cryptocurrency selloff concerns.
Sweden’s PPI rose to 1.7% in January, indicating higher production costs and potential inflationary pressure.
China’s Vice Minister of Commerce met U.S. business leaders to discuss tariffs, China’s Ministry of Commerce announced.
EUR/JPY trades near 156.95 as Euro gains on German defence spending, while Yen strengthens on BoJ policy.
