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US officials reportedly seeking leaner trade deals before Trump’s tariff deadline - FT
US President Donald Trump’s top trade officials are scaling back their ambitions for comprehensive reciprocal agreements with trading partners. They are looking for narrower deals to avert the looming reimposition of US tariffs, per the Financial Times.Fxstreet
Tue, Jul 1
GLOBAL ECONOMY-Asian factories hobbled by US tariff risks despite modest relief
TOKYO, July 1 (Reuters) - Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid the region's gloomy economic recovery prospects.Reuters
Tue, Jul 1
Resale home prices drop at faster pace in China, private survey shows
BEIJING, July 1 (Reuters) - China's resale home prices fell at a faster pace in June, highlighting the persistent weakness in the crisis-hit property market despite a slew of policy support measures, a private survey showed on Tuesday.Resale home prices dropped 0.75% in June, compared with a 0.7...Reuters
Tue, Jul 1
Australian Dollar remains subdued following China’s Caixin Manufacturing PMI
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after registering more than 0.50% losses in the previous session. The AUD/USD pair loses ground as Australia’s S&P Global Manufacturing Purchasing Managers’ Index (PMI) falls to 50.6 in June from the previous 51.0.
Fxstreet
Tue, Jul 1
