investingLive Asia-Pacific FX information wrap: Nvidia, AMD 15% China chip sale revenues to US

Fed Governor Bowman known as for fee cuts in any respect remaining 2025 conferences, citing labour market weak spot over inflation dangers. China’s July CPI and PPI have been launched, whereas FT reported Nvidia and AMD will give 15% of China chip gross sales income to the US for export licences — information that didn’t dent tech sentiment. Markets have been quiet with Japan on vacation, the USD a contact softer, and FX in tight ranges.

• Trump says hopes China will rapidly x4 it orders for soybeans (quadruple)
• New Zealand Prime Minister Luxon says US tariff aid is unlikely
• BTC/USD is again above US$121Ok
• Ether on the transfer: ETH/USD to its highest since December 2021
• Deutsche Financial institution sees July US CPI slowing to zero.1% as markets watch core inflation development
• Michigan Governor Whitmer tells Trump tariffs are hurting Michigan autos
• PBOC units USD/ CNY reference fee for in the present day at 7.1405 (vs. estimate at 7.1845)
• China looking for to chop lithium manufacturing – fears of oversupply
• China July PPI falls three.6%, CPI flat: Weak demand, housing droop preserve deflation fears alive
• Reserve Financial institution of Australia anticipated to chop its money fee this week by 25bp
• Report that Nvidia, AMD to pay 15% export tax to US govmnt getting extra broadly reported
• ICYMI – On Saturday Fed Governor Bowman known as for three FOMC fee cuts this yr
• ES and NQ (and others!) are open on Globex, each are up
• US fairness index futures are about to open – to HUGE information … not in a great way
• Japan is on Mountain Day vacation in the present day – markets are closed. US bond commerce impacted.
• Studies that Nvidia and AMD to pay 15% of China chip sale revenues to US authorities
• FT studies on Putin Trump assembly, Putin “has no intention of winding down the warfare”
• Iran bans nuclear website visits forward of IAEA talks after strikes, calls for new phrases
• US eyes October deadline to seal commerce offers. Canada, Mexico, Switzerland search phrases.
• Monday open ranges, indicative FX costs, 11 August 2025
• Newsquawk Week Forward: US CPI, US Retail Gross sales, China CPI, RBA, Aussie & UK Jobs
• China July information – China’s shopper worth inflation flat y/y, however increased than anticipated m/m
• Fed Board Governor Bowman requires September fee reduce, and one other two by yr finish

We had a number of market-relevant developments over the weekend. US Federal Reserve Governor Michelle Bowman, who dissented from the FOMC’s July determination to carry charges regular, stated in a Saturday speech that she favours fee cuts at every of the remaining 2025 conferences — in September, October, and December. She argued that weak spot within the US labour market outweighs the danger of renewed inflation.

From China, July CPI and PPI information have been launched (particulars in earlier posts). The largest headline of the day got here in early Asia hours, with the Monetary Occasions reporting that Nvidia and AMD have agreed at hand over 15% of their China chip gross sales income to the US authorities in alternate for export licences. Whereas this may need been anticipated to weigh on the shares and NASDAQ futures, each noticed modest positive aspects after the information.

Elsewhere, information circulate was extraordinarily mild. Within the US, a defence official stated the navy is getting ready for a doable order from President Trump to activate a part of the D.C. Nationwide Guard for deployment in Washington. Japanese markets have been closed for a vacation, dampening liquidity. The US greenback was barely softer, with main FX pairs buying and selling in slender ranges.

Asia-Pac
shares:

Australia
(S&P/ASX 200) +zero.28%

Hong
Kong (Dangle Seng) +zero.26%

Japan
(Nikkei 225) … closed for a vacation

Shanghai
Composite +zero.5%

This text was written by Aaron Cutchburt at investinglive.com.