CFTC data for the week to July 7 show net short positions in the Japanese yen of 123,778 contracts, the euro 16,227 contracts, the pound sterling 87,903 contracts and the Swiss franc 37,414 contracts.

A senior U.S. official said U.S.-Iran talks have made progress but will ultimately either result in an agreement or fail to do so.

Under guidance from the Ministry of Industry and Information Technology’s Information and Communications Administration, the Industrial Internet Industry Alliance has launched a satellite communications working group in Beijing. The group aims to build an industry cooperation platform, accelerate R&D on core satellite communications technologies, promote non‑terrestrial network (NTN) innovation, and cultivate an open, shared satellite communications industry ecosystem to support China’s manufacturing, aerospace, telecommunications and digitalisation objectives.