Core Viewpoint - The article discusses the fluctuations in currency exchange rates, particularly focusing on the performance of the US dollar against the Japanese yen and other currencies on June 19th. Currency Performance Summary - The US dollar rose by 0.23% against the Japanese yen, reaching 145.48 yen, with a trading range of 144.74 to 145.77 yen during the day [1] - The euro increased by 0.39% against the Japanese yen, while the British pound rose by 0.26% against the same currency [1] - The euro appreciated by 0.12% against the US dollar, and the British pound also gained 0.26% against the US dollar [1] - The US dollar experienced a decline of 0.19% against the Swiss franc [1] - Among commodity currencies, the Australian dollar fell by 0.48% against the US dollar, and the New Zealand dollar decreased by 0.81% against the US dollar, while the US dollar rose by 0.11% against the Canadian dollar [1] - The Swedish krona increased by 0.12% against the US dollar, while the Norwegian krone fell by 0.60% [1] - The Danish krone and the Polish zloty both rose by 0.12% against the US dollar [1]

Group 1: US Monetary Policy - Macquarie now expects the Federal Reserve to implement a 25 basis point rate cut in 2025, followed by another 25 basis point cut in 2026, revising previous predictions of a 50 basis point cut in 2026 [1] - The Federal Reserve maintained interest rates for the fourth consecutive time in June, with the dot plot indicating two rate cuts this year, although the number of officials expecting no cuts this year has risen to seven [1] - Powell emphasized uncertainty in the current economic situation, suggesting a wait-and-see approach, and anticipates inflation driven by tariffs to rise in the coming months [1] Group 2: Global Economic Measures - Thailand's Finance Minister plans to propose a 110 billion Thai Baht project to boost the economy next week [2] - The Governor of the State Bank of Vietnam indicated a potential adjustment of the credit growth target to 16% to promote economic growth if necessary [2] - Brazil's central bank unexpectedly raised rates by 25 basis points to 15%, while the market had anticipated a hold at 14.75%, with expectations that the tightening cycle will end [2] Group 3: European and Asian Monetary Policies - ECB Governing Council member Panetta stated that the European Central Bank will continue to make decisions based on each meeting's circumstances without committing to a clear monetary policy path in advance [2] - South Korea's Ministry of Finance proposed a supplementary government budget plan totaling 30.5 trillion Korean Won, including 20.2 trillion Won in spending and 10.3 trillion Won in tax revenue revisions [2] - The Swedish central bank revised its policy rate forecast for Q3 2025 to an average of 1.99%, down from 2.25%, and for Q4 2025 to 1.92%, also down from 2.25%, indicating the possibility of another rate cut this year [2] Group 4: Russian Economic Outlook - The first deputy CEO of Sberbank expects Russia's GDP to grow by 1% to 2% in 2025, stating that the Ruble is overvalued with a reasonable exchange rate expected between 90 to 95 Rubles per dollar [3] - There is a significant possibility that the benchmark interest rate in Russia will decrease from the current 20% to 17% by the end of this year [3] - For economic recovery, it is suggested that the key interest rate should remain between 12% and 14% [3]

金十数据整理：每日全球外汇市场要闻速递（6月18日） 7. 欧洲央行-管委斯图纳拉斯：欧洲央行已达到"第一个平衡点"，任何进一步降息都将取决于数据。管 委维勒鲁瓦：如有必要，我们应迅速采取行动。我们应将欧元升值纳入我们的货币政策决策。 1. 智利央行宣布基准利率维持在5.0%不变。 2. 央行行长潘功胜：人民币已成为全球第二大贸易融资货币。 3. 在美国零售销售数据公布后，交易员维持九月降息的预期。 4. 美联储传声筒：若非关税对价格构成的风险，美联储本周原本将准备降息。 5. 美联储新任监管副主席鲍曼的"第一把火"：将召开会议讨论放松银行杠杆率要求。 6. 新加坡金管局调查：经济学家指出，贸易紧张局势缓和为新加坡经济前景带来上行风险，地缘政治紧 张局势对经济前景构成下行风险。 ...

Core Viewpoint - The future of China's foreign exchange market is expected to maintain stable operations, with the RMB exchange rate remaining stable at a reasonable and balanced level [1] Group 1: Economic Policies and Market Stability - The People's Bank of China is implementing more proactive macroeconomic policies to support economic recovery [1] - There will be an increase in policies aimed at stabilizing foreign trade and foreign investment, along with a gradual expansion of financial market openness [1] - The international balance of payments is projected to remain fundamentally balanced [1] Group 2: Market Participants and Resilience - Market participants are becoming more mature and rational, with the proportion of enterprises using foreign exchange hedging increasing [1] - The share of RMB cross-border receipts under goods trade has risen to approximately 30% [1] - The resilience of the foreign exchange market is expected to continue strengthening [1]

在2025陆家嘴论坛上，中国人民银行副行长、国家外汇管理局局长朱鹤新表示，2025年以来，外汇市场 在复杂严峻形势下运行总体平稳。人民币汇率双向波动、弹性增强，人民币对美元汇率升值1.6%，对 一篮子货币总体稳定。我国外贸保持较强韧性，经常账户顺差处于合理均衡水平。跨境投资更趋活跃， 外资净增持境内债券处于较高水平，近期买入境内股票也有所增多。(金融时报) ...

Group 1: Precious Metals - Spot platinum (XPTUSD) is priced at 1254.750, showing an increase of 11.930 or 0.96% [2] - Spot palladium (XPDUSD) is at 1042.850, up by 20.300 or 1.99% [2] - Gold (COMEX) is trading at 3414.400, with a rise of 10.100 or 0.30% [2] - Silver (COMEX) is priced at 37.140, increasing by 0.770 or 2.12% [2] Group 2: Foreign Exchange Rates - Euro to USD (EURUSD) is at 1.156, up by 0.04% [3] - GBP to USD (GBPUSD) is at 1.355, down by 0.19% [3] - USD to JPY (USDJPY) is at 144.828, increasing by 0.04% [3] - AUD to USD (AUDUSD) is at 0.654, up by 0.18% [3] - USD to CHF (USDCHF) shows an increase of 0.08% [3] Group 3: Cryptocurrency - Bitcoin (BTC) is priced at 105315.360, down by 1479.170 or 1.39% [4] - Litecoin (LTC) is at 85.330, decreasing by 1.340 or 1.55% [4] - Ethereum (ETH) is trading at 2549.510, up by 5.200 or 0.20% [4] - Ripple (XRP) is priced at 2.213, down by 0.025 or 1.13% [4] Group 4: Treasury Bonds - The yield on the 2-year U.S. Treasury bond is at 3.960 [6] - The yield on the 5-year U.S. Treasury bond is 4.015, down by 0.021 or 0.52% [7] - The yield on the 10-year U.S. Treasury bond is 4.425, decreasing by 0.025 or 0.56% [7] - The yield on the 30-year U.S. Treasury bond is 4.932, down by 0.024 or 0.48% [7] - The yield on the 10-year UK Treasury bond is 4.537, up by 0.003 or 0.07% [7] - The yield on the 10-year German Treasury bond is 2.525, down by 0.005 or 0.20% [7] - The yield on the 10-year French Treasury bond is 3.239, increasing by 0.004 or 0.12% [7] - The yield on the 10-year Italian Treasury bond is 3.501, up by 0.012 or 0.34% [7] - The yield on the 10-year Japanese Treasury bond is 1.482, increasing by 0.024 or 1.65% [7]

Group 1: Precious Metals - Spot platinum (XPTUSD) is priced at 1267.200, increasing by 24.380 or 1.96% [2] - Spot palladium (XPDUSD) is priced at 1031.100, increasing by 8.550 or 0.84% [2] - Gold (COMEX) is priced at 3417.100, increasing by 12.800 or 0.38% [2] - Silver (COMEX) is priced at 37.200, increasing by 0.830 or 2.28% [2] Group 2: Foreign Exchange Rates - Euro to USD (EURUSD) is at 1.157, increasing by 0.09% [3] - GBP to USD (GBPUSD) is at 1.356, decreasing by 0.13% [3] - USD to JPY (USDJPY) is at 144.689, decreasing by 0.06% [3] - AUD to USD (AUDUSD) is at 0.654, increasing by 0.20% [3] - USD to CHF (USDCHF) is at 0.812, decreasing by 0.18% [3] Group 3: Cryptocurrency - Bitcoin (BTC) is priced at 105956.010, decreasing by 838.520 or 0.79% [4] - Litecoin (LTC) is priced at 85.480, decreasing by 1.190 or 1.37% [4] - Ethereum (ETH) is priced at 2556.760, increasing by 12.450 or 0.49% [4] - Ripple (XRP) is priced at 2.214, decreasing by 0.024 or 1.05% [4] Group 4: Treasury Bonds - The yield on the 2-year U.S. Treasury bond is 3.943 [5] - The yield on the 5-year U.S. Treasury bond is 4.003, decreasing by 0.033 or 0.82% [6] - The yield on the 10-year U.S. Treasury bond is 4.421, decreasing by 0.029 or 0.65% [6] - The yield on the 30-year U.S. Treasury bond is 4.933, decreasing by 0.022 or 0.44% [6] - The yield on the 10-year UK Treasury bond is 4.542, increasing by 0.008 or 0.18% [6] - The yield on the 10-year German Treasury bond is 2.538, increasing by 0.008 or 0.32% [6] - The yield on the 10-year French Treasury bond is 3.250, increasing by 0.015 or 0.46% [6] - The yield on the 10-year Italian Treasury bond is 3.512, increasing by 0.023 or 0.66% [6] - The yield on the 10-year Japanese Treasury bond is 1.482, increasing by 0.024 or 1.65% [6]

Core Viewpoint - The Governor of the Bank of Japan, Kazuo Ueda, emphasized the necessity to monitor the impact of trade policies on financial markets, foreign exchange markets, the Japanese economy, and prices [1] Group 1 - The focus on trade policy's influence indicates a proactive approach to managing economic stability [1] - The statement suggests potential implications for currency valuation and market volatility in response to trade dynamics [1] - Monitoring these factors is crucial for formulating effective monetary policy and ensuring economic resilience [1]

Core Viewpoint - The Bank of Japan emphasizes the need to closely monitor the impact of trade policies on financial and foreign exchange markets [1] Group 1 - The Bank of Japan is concerned about the implications of trade policies on market stability [1] - There is a recognition that trade policies can significantly influence financial market dynamics [1] - The foreign exchange market is particularly sensitive to changes in trade policies [1]

5. 贝克休斯油服：美国石油和天然气钻机数量降至2021年11月以来的最低水平。美国石油钻机数量降至 2021年10月以来的最低水平。 美元/泰铢 1. 中国央行逆回购操作当日实现净投放682亿元。 2. 泰国商务部长：泰铢兑美元汇率在37至38之间的水平是适当的。 3. 欧洲央行副行长金多斯：欧美1.15对通胀目标而言并非重大阻碍。 金十整理：每日全球外汇、大宗商品市场要闻速递（6月16日） 外汇： 4. 欧洲央行管委内格尔：数据和预测表明欧洲央行的任务已经完成。欧洲央行最好保持灵活性。 大宗商品： 4. 在伊朗最近一轮袭击后，以色列关闭了其最大炼油厂的部分设施，导弹袭击导致以色列特拉维夫输油 管道破裂。 1. 柬埔寨警告禁止泰国农产品入境。 2. 韩国代理财政部长：将采取措施稳定食品价格。将延长油品税收减免至八月底。 3. 欧佩克秘书长：目前在供应或市场动态方面没有出现任何需要采取不必要措施的情况。 ...