US President Trump is said to be mulling a cap on California state fuel tax and vowed to drive down the state's gas prices, according to NY Post
The potential capping of California's state fuel tax by President Trump could indicate a shift towards more interventionist policies aimed at lowering gas prices.
PBoC sets USD/CNY mid-point at 6.9858 vs exp. 6.9548 (Prev. 6.9843)
SK Hynix (000660 KS) was said to be revealed as an exclusive supplier of Microsoft's (MSFT) HBM chips for AI
US President Trump is said to be mulling a cap on California state fuel tax and vowed to drive down the state's gas prices, according to NY Post
Philippine Balance of Trade (USD)(Dec) -3.52B (Prev. -3.51B)
Philippine Imports YoY (Dec) Y/Y 7.1% (Prev. -2.0%)
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This move may have broader implications for energy markets as it signals the government’s willingness to influence commodity prices directly, which could affect inflation outlooks and currency valuations, particularly for energy-dependent economies. Watch for reactions in the oil market and potential implications for the USD as market participants assess both the immediate impact and longer-term policy shifts.
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