RBA Bullock: Q2 core inflation may not have slowed as much as first expectedArmed clashes erupted early Thursday between Thai and Cambodian forcesChina's President Xi and EU's von der Leyen will meet today - state mediaBarclays see support for the yen from the US-Japan trade dealTrump to visit the Federal Reserve on ThursdayWhite House to release crypto policy report on July 30 - Strategic Bitcoin ReserveReports that Bessent threatens Japan with 25% tariff if Trump is unhappyRBNZ chief economist Conway - tariffs will mean weaker global economy, weaker demandGoldman Sachs Sticks to Bullish 2026 U.S. Natural Gas Outlook, Sees Upside RisksPBOC sets USD/ CNY reference rate for today at 7.1385 (vs. estimate at 7.1503)Japan Preliminary Manufacturing PMI (July) 48.8 (Expected 50.2, Previous: 50.1)South Korea says trade talks with US cancelled, scheduling issueAMD CEO Lisa Su says U.S.-made chips could cost up to 20% more than those from TaiwanBessent says a new Fed Chairman nominee is likely to be announced in December or JanuaryAUD/USD hits its highest in 8 months at 0.6604Australia preliminary July 2025 manufacturing PMI 51.6 (prior 50.6)Cboe Global Markets will exit its Japanese equities operationsEuropean Central Bank is expected to hold interest rates steady at its meeting todayTesla CEO Elon Musk said he expects European sales to accelerateTrump says will have 'straight, simple' 15% to 50% tariffs on countriesTesla kicks off production of long-awaited affordable EV, eyes big plans for 2025–26Investinglive Americas FX news wrap 23 Jul: Japan deal done. Will the EU be next?White House downplays recent reports suggesting a potential trade agreement with the EUUBS says US-Japan trade deal will be a drag on Japan's economy, BoJ on hold to mid-2026More record closes for the S&P and Nasdaq. A slew of earnings after the close.$GOOGL Google Q2 2025 Earnings highlights ... AlphabetTesla Q2 earnings, a series of missesU.S. earnings season continued after the regular session close, with Tesla posting its largest quarterly revenue drop in over a decade. Revenue fell by $3 billion year-over-year amid rising competition from lower-cost Chinese EVs and growing public backlash against CEO Elon Musk. Tensions between Musk and former President Trump, including the removal of EV incentives, further cloud the outlook. Musk warned of "rough quarters ahead" as the company pivots toward robotaxi development.In Australia, flash PMIs for July all pushed further into expansion, suggesting resilience in the broader economy. While not a game-changer, the data marginally reduce the case for near-term RBA rate cuts.Japan’s flash PMIs showed divergence in sector performance: manufacturing slipped back into contraction, falling to 48.8, while services rose to 53.5, the fastest pace in five months, supported by strong domestic demand.New Zealand’s RBNZ Chief Economist Paul Conway signalled the central bank is prepared to cut interest rates further if inflation pressures continue easing as expected.In China, the PBOC set the daily yuan reference rate at 7.1385 per dollar, the strongest level, for CNY, since November 6 and 120 pips above market forecasts.RBA Governor Michele Bullock struck a less dovish tone than anticipated, downplaying June’s uptick in unemployment as consistent with forecasts and noting that Q2 core inflation may not have slowed as much as initially expected. She reiterated the need for more data before confirming a disinflation trend and emphasised a measured and gradual approach to easing. An August rate cut remains on the table but is clearly still being debated within the Bank. This article was written by Eamonn Sheridan at investinglive.com.