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South Korea Rate Decision On Tap For Thursday
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is widely expected to hike its benchmark lending rate by 25 basis points, from 2.25 percent to 2.50 percent.
New Zealand will provide Q2 numbers for retail sales; in the three months prior, retail sales were down 0.5 percent on quarter and up 2.3 percent on year.
Hong Kong will release July figures for imports, exports and trade balance. In June, imports were up 0.5 percent on year and exports slipped an annual 6.4 percent for a trade deficit of HKD68.5 billion.
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European Shares Decline As Tariff Worries Return To Haunt
European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
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hace 11 minutos
Asian Shares Mostly Lower As Trump Ups Tariff Ante
Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
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hace 36 minutos
Yen Retreats Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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hace 1h 5min
Canadian Dollar Slides As Trump Announces 35% Tariffs On Canadian Imports
The Canadian dollar weakened against other major currencies in the Asian session on Friday, as Trump proposed 35 percent tariff on Canadian goods and warned that any fiscal retort from the country will be tacked onto the 35 percent set to take effect Aug. 1.
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hace 1h 18min
Canadian Dollar Slides Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Friday.
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hace 1h 30min
Antipodean Currencies Rise Amid Risk-on Mood
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
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hace 1h 42min
NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Friday.
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hace 2h 24min
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews
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hace 2h 27min
