investingLive Asia-pacific FX news wrap 22 Aug: Slow grind with eyes on Powell

• Forex news for Asian trading on Aug 22, 2025

Reuters poll sees deeper RBNZ cuts to 2.5% in Q4

• Economists now expect the RBNZ to cut rates to 2.5% in Q4, down from 3% in the prior poll.

Implied volatility levels for major assets ahead of Jackson Hole

• Implied volatility support and resistance levels for DXY, EURUSD, XAUUSD and US500 ahead of today's speech

Goldman: Powell Likely to Back Cuts but Stops Short of a Clear Signal

• Powell is expected to hint at supporting a September cut without committing, while the Fed prepares to roll back parts of its 2020 framework.

What is rate expectations for the Fed ahead of Powell's speech

• Market probability for a September cut is at 75% with just shy of two cuts priced by year-end

USGS downgrades Drake Passage earthquake to magnitude 7.5 from 8.0

• A powerful earthquake struck the Drake Passage region, initially reported as magnitude 8 but later revised to 7.5.

China says Xi and global leaders to attend SCO summit in Tianjin

• Xi, Putin, UN chief, and 20+ world leaders will attend the SCO summit, where China plans new cooperation measures and a Tianjin Declaration.

Nvidia CEO comments on China shipments, US talks, and TSMC collaboration

Fed’s Powell set to reverse key elements of 2020 policy strategy - WSJ

• Fed Chair Jerome Powell is poised to reverse two major 2020-era policy changes; flexible inflation averaging and a bias toward low unemployment

PBOC sets USD/ CNY mid-point today at 7.1321 (vs. estimate at 7.1871)

• PBOC CNY reference rate setting for the trading session ahead.

Where is nowcasts for growth and inflation ahead of Powell's speech

• Here's a hint, not showing strong reasons for cuts

OpenAI’s Chief People Officer to step down

• OpenAI confirmed its Chief People Officer is leaving the company.