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USD/CNH: Likely to trade in a range between 7.1530 and 7.1730 – UOB Group
The current price movements are likely part of a range trading between 7.1530 and 7.1730. In the longer run, downward momentum has increased further; if USD breaks below 7.1450, the next level to monitor is 7.1300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Jul 2
Japan invokes national interest as tariff talks with US struggle
Ishiba emphasizes Japan's investment in US, aims to protect national interests Japan seeks exemption from US auto tariffs amid stalled negotiationsOpposition criticizes Ishiba's negotiation strategyBy Makiko Yamazaki TOKYO, July 2 (R...Reuters
Wed, Jul 2
Tesla's June China-made EV sales see first rise in 9 months, but quarterly fall continues
Tesla's June China-made EV sales +0.8% y/y, 1st rise in 9 monthsQ2 China-made deliveries fall 6.8% y/y, third such fall in a rowSees heightened threat from Chinese rivals BEIJING, July 2 (Reuters) - Tesla's TSLA.O sales of its China-made electric vehicles edged up 0.8% in June from a ye...Reuters
Wed, Jul 2
Venezuela's oil exports on the rise as more cargoes head to China
PDVSA ramps up sales to independent refiners in ChinaCountry exported 844,000 bpd of crude, fuel and 233,000 tons of byproducts in JuneJune exports pushed up by more sales of Boscan heavy crudeJuly 2 (Reuters) - Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% i...Reuters
Wed, Jul 2
REFILE-BoE's Taylor says soft landing for UK economy is at risk
July 2 (Reuters) - Bank of England policymaker Alan Taylor, who has voted repeatedly to cut interest rates, said on Wednesday that a soft landing for Britain's economy was now at risk."I would say now that soft landing is at risk. In my view, we've seen the economy slowing down," Tay...Reuters
Wed, Jul 2
Tesla's June China-made EV sales see first rise in 9 months
BEIJING, July 2 (Reuters) - Tesla's TSLA.O China-made electric vehicle sales edged up 0.8% in June from a year earlier to 71,599 units, snapping an eight-month losing streak, even as lower-cost new models from its Chinese rivals put growing pressure on the U.S. automaker.Deliveries of Model 3 an...Reuters
Wed, Jul 2
Greek unemployment drops to 7.9% in May
July 2 (Reuters) - Greece's jobless rate stood at 7.9% in May, down from 8.3% in April, data from statistics service ELSTAT showed on Wednesday.Seasonally adjusted data showed 370,369 people were officially unemployed.Unemployment impacted women more than men, at the rates of 9.8% and 6.2%, resp...Reuters
Wed, Jul 2
EUR/JPY appreciates to near 169.50 ahead of Eurozone Unemployment Rate
EUR/JPY retraces its recent losses from the previous session, trading around 169.40 during the early European hours on Wednesday. The currency cross maintains its position near 169.86, the highest since July 2024, which was recorded on June 30, 2025.
Fxstreet
Wed, Jul 2
ADP Employment Change projected to show meager US job growth in June
This week, the US labour market is set to take centre stage, adding to the combo of factors driving market sentiment as of late, namely mitigated geopolitical tensions in the Middle East, rising hopes of further progress on the trade front and prospects of the resurgence of Fed easing in Q3, as wellFxstreet
Wed, Jul 2
