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Wednesday, October 29, 2025

Asia Market Movers: Trump says expects to lower fentanyl linked tariffs on China

Wednesday, 29 Oct, 2025

News

Trump says expects to lower fentanyl linked tariffs on China

Trump statement on something the Wall Street Journal had floated Tuesday US time. WSJ: Trump looking to lower tariffs on Fentanyl Trump now: expects to lower fentanyl linked tariffs on China will disc

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News

Toyota executive Ueda: Japanese govmt positive view on reverse imports from US

Toyota executive Ueda: We are still discussing internally about reverse imports from United States Japanese government is taking positive view on issue of reverse imports from US Camry one option for

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Central Banks

PBOC sets USD/ CNY central rate at 7.0843 (vs. estimate at 7.0962)

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate sy

News

South Korea's President Lee says protectionism and nationalism are rising

South Korea's Lee: Protectionism and nationalism are rising Trade environment very different now from 20 years ago Proved shared trust is key to shared prosperity during crises Supply chain cooperatio

Central Banks

Australian dollar jumped after very strong CPI data, November RBA rate cut off the table

The Australian Q3 2025 inflation data is here: Australian Q3 Core inflation (trimmed mean) +1.0% q/q (expected 0.8%, RBA forecast 0.6%) The result takes a November Reserve Bank of Australia rate cut o

Central Banks

Australian Q3 Core inflation (trimmed mean) +1.0% q/q (expected 0.8%, RBA forecast 0.6%)

Q3 and September month inflation data for Australia - it's the quarterly data that is of most focus Australia Q3 CPI data: Trimmed mean CPI +1% q/q (expected +0.8%, prior +0.6%) CPI (all groups) +1.3%

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.0962 – Reuters modelled estimate

People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as

Forex

Yen surging after comments from US Treasury Secretary Bessent

Bessent has praised Bank of Japan independence from the government: Bessent says Japan government gives Bank of Japan policy space, avoid excess FX volatility His comments have sent the yen stronger.

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Central Banks

Bessent says Japan government gives Bank of Japan policy space, avoid excess FX volatility

US Treasury Secretary Bessent in X post: Govt's willingness to allow BoJ policy space will be key to anchoring inflation expectations, avoiding excess FX volatility encouraged by Japan FinMin's deep u

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