China Producer Price Index (YoY) meets expectations (4.1%) in June

The post Canadian Dollar gains ground on surging Oil, rising BoC hike bets appeared on BitcoinEthereumNews.com. The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday. Axios reported that the US strikes hit a rail line in Golestan province in northeastern Iran, near the border, using cruise missiles. It marked the first US strike on Iranian infrastructure since the ceasefire took hold. Iran said multiple US artillery shells struck a railway bridge west of Aghala in Golestan early Thursday, triggering several explosions. Earlier, US President Donald Trump said an interim agreement to end the war with Iran was “over.” Iranian Parliament speaker Mohammad Bagher Ghalibaf warned Washington that any U.S. military action will prompt retaliation. It is worth notin

The post China’s ChangXin launches $4.3B memory IPO into an AI-driven chip boom appeared on BitcoinEthereumNews.com. ChangXin Memory Technologies (CXMT) is about to open subscription for its Shanghai IPO worth about 29.5 billion yuan (approximately 4.33 billion dollars) on July 16. This is significant not only because CXMT is the largest DRAM producer in China, but also because investors can use this event to evaluate the potential of the company in light of AI developments. This listing comes about as the memory market across the globe is changing due to developments in AI infrastructure. Companies in the cloud business have started to set up AI data centers that require new technology with higher volume and speed, particularly in high-bandwidth memory (HBM) and DRAM. With that, motherboard producers have prioritized higher profit-margin memory models. The shift has tightened supply and resulted in the continuous increase in memory prices. Interest in CXMT has spread outside of China

The event highlights esports' growing appeal to mainstream sponsors, while the absence of blockchain tech underscores regulatory and adoption challenges. The post Valorant Champions Tour China Stage 2 kicks off in Changsha with $250K prize pool as esports eyes mainstream sponsorship dollars appeared first on Crypto Briefing.

CXMT's IPO could disrupt the global DRAM market, challenging existing oligopolies and reshaping the semiconductor supply chain dynamics. The post China’s largest DRAM maker CXMT opens investor subscriptions for $4.3B IPO next week appeared first on Crypto Briefing.

The post China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected appeared on BitcoinEthereumNews.com. China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period. Chinese CPI inflation arrived at -0.3% MoM in June versus a decline of 0.1% prior, softer than the expectation of a 0.2% fall. China’s Producer Price Index (PPI) rose 4.1% YoY in June, following a 3.9% increase in May. The data came in line with the market consensus. Market reaction to China’s CPI, PPI data The China-proxy Australian Dollar (AUD) edges slightly lower following the China’s CPI and PPI data. At the press time, the AUD/USD pair is down 0.01% on the day to trade at 0.6927. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (R

Subdued inflation in China may lead to monetary easing, impacting global markets by influencing commodity demand and risk asset valuations. The post China’s consumer inflation slows more than expected amid easing commodity costs appeared first on Crypto Briefing.

The post China Consumer Price Index (YoY) came in at 1% below forecasts (1.1%) in June appeared on BitcoinEthereumNews.com. Gold trades with a mild negative bias in the Asian session on Thursday, fading the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is supporting Gold. However, fresh US-Iran tensions drive Oil higher, reviving inflation concerns and limiting the USD’s downside and the bullion’s rebound. Source: https://www.fxstreet.com/news/china-consumer-price-index-yoy-came-in-at-1-below-forecasts-11-in-june-202607090130

The post Oil rally lifts loonie as Polymarket pegs July Fed hold at 75.5% appeared on BitcoinEthereumNews.com. Alvin Lang Jul 08, 2026 16:18 Canada’s dollar strengthened as oil prices climbed, with traders bracing for upcoming U.S. jobs data that could reshape expectations for the Fed’s next move. Oil rally lifts loonie as Polymarket pegs July Fed hold at 75.5% Canadian Dollar Rallies With Oil as Polymarket Shifts to 75.5% “No Change” for the July 2026 Fed Decision The Canadian dollar strengthened on an oil rally as traders looked ahead to upcoming U.S. jobs data and the Federal Reserve outlook. On Polymarket, the “Fed Decision in July?” ladder contract moved higher on the “No change” outcome to 75.5% from 71.5%. Key Takeaways Polymarket prices a 75.5% chance of no Fed rate change after the July 2026 meeting. Traders repriced the July Fed path as markets weighed the oil-linked move in the Canadian dollar ahead of U.S. jobs data and the Fed outlook. The contract resolv