Chinese netizens call Trump ‘Jianguo,’ meaning ‘help to construct China’ – Global Times

Dhwani Mehta FXStreet

China’s influential news outlet, Global Times, Editor-in-Chief Hu Xijin responds to US President Donald Trump’s latest tweets, berating China and accusing of attacking the world with disinformation.

Hu tweeted out: “On the contrary, Chinese netizens wish for your reelection because you can make America eccentric and thus hateful for the world. You help promote unity in China and you also make intl news as fun as comedy. Chinese netizens call you ‘Jianguo,’ meaning ‘help to construct China’.”

Market reaction

Amid downbeat market mood, the US dollar remains well bid across its main peers, with the DXY now consolidating the overnight bounce near 99.35, up 0.23% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD edges higher to near 1.1600 on US-Iran Strait of Hormuz deal

The EUR/USD pair trades in positive territory around 1.1590 during the early Asian session on Tuesday. A deal to reopen the Strait of Hormuz spurred a rally in riskier assets such as the Euro against the US Dollar. Traders await the US Federal Reserve interest rate decision later on Wednesday.

GBP/USD retreats from tops, back to 1.3420

GBP/USD keeps its advance past the 1.3400 yardstick at the beginning of the week. In the meantime, Cable continues to draw support from improved market sentiment following reports that the US and Iran have reached a framework agreement aimed at ending the conflict and reopening the Strait of Hormuz.

Gold posts modest gains as US‑Iran peace deal, fading Fed hike bets support bullion

Gold price trades with mild gains during the early Asian session on Tuesday. The precious metal extends the rally after the United States and Iran reached a comprehensive framework deal to end hostilities, easing inflation concerns.

Indonesia may have stabilised the Rupiah, but the bigger fight is not over

Bank Indonesia’s emergency rate hike has bought the Rupiah some time, but the currency’s hesitant response suggests it has not yet restored confidence. Can higher interest rates solve the Rupiah’s problem, or do the country’s challenges run deeper?

RBA set for first interest-rate pause of 2026 as bets of further hikes weaken

The Reserve Bank of Australia is widely expected to leave the Official Cash Rate unchanged at 4.35% when it announces its monetary policy decision on Tuesday, marking a pause after three consecutive rate hikes delivered earlier this year. The decision will be announced at 04:30 GMT, accompanied by the Monetary Policy Statement.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.