forex cross rate

Swiss private bank Julius Baer: The Federal Reserve is unlikely to raise interest rates and the U.S. dollar is likely to weaken, so gold prices are expected to regain lost ground.

Vietnamese electric car manufacturer VinFast has released its lowest-priced model so far, hoping to increase car penetration in Vietnam through popular pricing. The VF2 is a two-door, four-seater model priced at 188 million VND (approximately US$7,148) including the battery. It will be officially launched on July 15. The price is in the same range as the Chinese Wuling Hongguang MINI EV in Vietnam, which sells for about 200 million VND. VinFast issued a statement on Sunday saying that VF2 is an important step in the company's "strategy to promote automobile popularization among Vietnamese people." Although the price of VF2 is still higher than the cheapest car in the world, its price is about 20% lower than VinFast’s previous cheapest model, Minio Green, which is about 1.5 times Vietnam’s per capita annual income (about US$5,000). Although Vietnam's economy has maintained rapid growth in recent years, the car ownership rate is still low. According to industry and government data, Vietnam has about 68 cars per 1,000 people, lower than Indonesia's about 99, Thailand's 275 and Malaysia's 490.

Iran's chief negotiator Qalibaf: The United States violated the "Iran adjustment plan" in the Strait of Hormuz.

According to SemiAnalysis, a top research institution focusing on semiconductors and AI infrastructure, the bottleneck in the next stage of the AI ​​industry is no longer GPUs or data centers, but financing. The credit market will become the main source of financing for this round of AI infrastructure construction. SemiAnalysis predicts that by 2028, global annual AI capital expenditures will far exceed US$2 trillion, and between 2024 and 2029, global cumulative AI capital expenditures will reach approximately US$11.1 trillion. The agency further pointed out that Nvidia is personally going out of business, Provide "income guarantee" for AI computing power operators (Neocloud), trying to turn GPU into an infrastructure asset that can be accepted by the financial market. Based on this, SemiAnalysis predicts that by 2029, AI outstanding debt will exceed US$7 trillion, becoming the second largest asset-backed debt market after the US mortgage-backed financing market (a size of just over US$13 trillion). Specifically, NVIDIA’s “back up” plan utilizes NVIDIA’s own AA/Aa2 investment grade credit, Provide minimum income guarantees for Neocloud, thereby reducing bank lending risks and leveraging trillions of dollars in AI infrastructure financing. In other words, NVIDIA is no longer just a GPU supplier, but serves as the "final guarantor" of the AI ​​industry financing system through credit enhancement, transforming its own credit into the financing capacity of the entire AI ecosystem. SemiAnalysis therefore likened Nvidia to the "central bank of AI."

Reserve Bank of New Zealand: There is uncertainty about the neutral interest rate level.

Federal Reserve Bank of New Zealand: The real-time GDP forecast model KIWI-GDP currently predicts GDP growth of 0.6% in the September 2026 quarter.