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AP journalist banned for refusing to rename "Gulf of Mexico."
An Associated Press reporter was once again barred from entering the White House after refusing to follow Trump's executive order to change the name "Gulf of Mexico." The press secretary was questioned by reporters on the matter.
Corn prices rise, soybean prices fall, highlighting volatility in the CBOT futures market.
CBOT futures saw fluctuations, with corn rising on strong export demand, while soybeans and soybean oil faced downward pressure. Wheat rebounded briefly, and market sentiment shifted with demand and weather changes.
The People's Bank of China issues offshore bills, signaling exchange rate stability.
The People's Bank of China will issue 40 billion yuan in 3-month bills and 20 billion yuan in 1-year bills in Hong Kong, continuing to promote the stability of the RMB exchange rate and enriching high-grade offshore RMB asset investment options.
The U.S. budget deficit hits a record high, with increased spending being the primary cause.
The U.S. Treasury Department stated that the budget deficit for the first four months of fiscal year 2025 surpassed $840 billion, with increased spending on healthcare, social security, and debt interest payments being the major driving factors.
The USD/JPY rose to 154.44 as the market focuses on the Federal Reserve's interest rate direction.
The U.S. dollar rose to a one-week high against the Japanese yen after U.S. January inflation data exceeded expectations, leading the market to anticipate that the Federal Reserve will maintain high interest rates to combat inflationary pressures.