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At the New York close on September 30, the offshore RMB (CNH) appreciated against the US dollar, rising by 47 basis points to 6.7080. The currency traded within a range of 6.7129 to 6.7037 during the session, indicating active market movement within a defined band.
Read MoreUS-Iran talks mediated by Qatar have stalled with neither side willing to compromise, raising fears of renewed military escalation. US officials speculate about post-election military action, while Iran demands prior US commitments.
Read MoreInvestor Dan Tapiero asserts the digital asset bull market is underway, driven by fundamental growth in stablecoins and tokenization. He shares investment rationale and highlights Bitcoin and gold's long-term advantage amid currency devaluation.
Read MoreFederal Reserve Bank of New York President John Williams stated that the artificial intelligence boom is significantly boosting asset valuations and creating wealth effects. Emerging data also suggests AI is beginning to enhance productivity growth, signaling a new phase of economic impact from technological transformation.
Read MoreTraders have significantly reduced expectations for a Fed rate hike in October, with probability dropping from ~70% to around 50%. Following policymakers' 'no rush' signals, markets now price in only one more rate increase by year-end, reflecting a major shift in monetary policy outlook.
Read MorePresident Trump indicated National Intelligence Director Jay Clayton is a potential candidate for AI director, with a decision expected soon. He also mentioned plans for an 'AI Force' agency. Clayton has previously noted AI's dual role as opportunity and threat for intelligence. Specific duties remain undefined.
Read MorePresident Trump signed a "morally binding" AI document with tech executives, renaming AI to "Super Intelligence" (SI). The meeting focused on AI development and governance, with Trump comparing the document to a "constitution" and proposing an oversight committee. He reiterated opposition to new AI-specific regulations and global control schemes.
Read MoreNew institutional research reveals sovereign wealth funds are selling gold to buy Bitcoin. Major institutions maintained or increased holdings during recent price corrections, viewing Bitcoin as a hedge alongside gold. ETF inflows are providing sustained market support.
Read MoreFed Governor Michael Barr warned that inflation's return to 2% faces headwinds with no clear trend yet. He stressed rising inflation risks and the need for policy recalibration. Factors like Middle East conflicts and AI investment may necessitate further monetary tightening.
Read MoreOpenAI unveils Dots, a 24/7 autonomous AI agent powered by GPT-6Astra. It connects to 4000+ apps, learns user preferences, and executes tasks via conversational interface. Currently available to premium users, it marks a strategic move in the AI assistant race.
Read MoreOpenAI is reportedly seeking at least $30 billion in new funding with a target valuation of $1.4 trillion. This strategic round, seen as an alternative to a delayed IPO, aims to bolster its long-term capital for AI development and safety research. Negotiations are still in early stages.
Read MoreFed official John Williams forecasts a downward path for inflation, offering potential policy flexibility. However, he highlights uncertainties surrounding AI's economic impact and identifies volatile oil prices as a key risk factor for bond yields and the broader economic outlook.
Read MoreThe U.S. Dollar Index gained 0.17% on September 29, closing at 101.372. The rise suggests shifting market expectations ahead of key economic data and Federal Reserve policy signals, as traders adjust positions at quarter-end.
Read MoreChicago Fed President Goolsbee issued a stern warning, stating that U.S. inflation exceeding the 2% target for over five and a half years is like "playing with fire." He highlighted persistent supply shocks, massive fiscal deficits, and AI-driven productivity expectations as key risks that could force a policy rethink.
Read MoreOpenAI announces ChatGPT has reached 1.2 billion weekly active users, a milestone demonstrating the rapid mainstream adoption of generative AI. This growth highlights a fundamental shift in how people interact with technology worldwide.
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