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Japan has no plan to change GPIF's target asset allocation — Reuters
Japan currently has no immediate plans to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more investment to domestic assets, people with knowledge of government deliberations told Reuters.
Fxstreet
Mon, Jul 13
Asian stocks trade lower on renewed US-Iran war tensions, South Korea’s KOSPI leads losses
Most Asian equities trade in negative territory on Monday amid renewed geopolitical tension in the Middle East after reports of US-Iran airstrikes and Tehran's closure of the critical Strait of Hormuz.Fxstreet
Mon, Jul 13
Indonesian Rupiah declines on increased risk aversion
USD/IDR gains ground after registering losses in the previous day, trading around 18,180 during the Asian hours on Monday. The US Dollar (USD) appreciated as intensifying geopolitical tensions in the Middle East sparked a wave of safe-haven demand.Fxstreet
Mon, Jul 13
New Zealand Dollar declines as safe-haven demand lifts US Dollar
NZD/USD depreciates after three days of losses, trading around 0.5750 during the Asian hours on Monday. The currency pair holds onto its losses as the New Zealand Dollar (NZD) remains subdued, failing to find immediate support despite a positive turnaround in local economic data.
Fxstreet
Mon, Jul 13
US military says it launched fresh strikes against Iran on Sunday
The US Central Command (CENTCOM) said that it launched additional strikes against Iran on Sunday aimed at further weakening the Islamic Republic’s ability to strike civilian vessels transiting the Strait of Hormuz, Bloomberg reported.Fxstreet
Sun, Jul 12
Federal Reserve: Monetary policy report cites “high inflation” due to tariffs
The Federal Reserve released its monetary policy report, in which the US central bank acknowledged that inflation remains elevated and that the labour market is broadly stable, a signal that the price stability goal hasn’t been achieved.Fxstreet
Fri, Jul 10
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