Media OutReach
VT Markets Releases Q2 Report On U.S. Dollar Dominance Shift as Central Bank Diverge

The Federal Reserve Remains Cautious
Driven by divergent monetary policies between the U.S. Federal Reserve (Fed) and the European Central Bank (ECB), the foreign exchange market experienced fundamental shifts in the first quarter of 2024.
The VT Markets Research Desk indicates that throughout Q1, the Federal Reserve adopted a notably cautious approach to monetary policy. While many central banks globally shifted towards more pronounced easing, the Fed opted for a more measured stance, maintaining its benchmark interest rate within the 4.25%-4.5% range.
Internal policy debates, however, suggested emerging divisions, as a moderate camp favoring a single rate cut of 25 basis points gained traction, displacing earlier advocacy for more aggressive cuts. Such a nuanced policy environment signals the Fed’s heightened concern for economic uncertainties, reflecting a sentiment of caution rather than outright dovishness.
The Fed’s updated March Summary of Economic Projections (SEP) further confirmed a conservative outlook. Economic growth forecasts for the year were revised downward from 2.1% to 1.7%, accompanied by upward adjustments in unemployment expectations to 4.4% and inflation projections reaching 2.7%-2.8%.
Additionally, alterations in the Fed’s official language were observed—specifically, the omission of the phrase regarding “balanced employment and inflation risks,” replaced instead by emphasis on “rising uncertainty.” Chairman Jerome Powell later clarified this stance, effectively reinforcing a scenario of limited rate cuts within the year.
Another observation relates to the Fed’s balance sheet management. Following last year’s reduction in the cap on Treasury securities from $60 billion to $25 billion, there was a further reduction to $5 billion which commenced in April. The mortgage-backed securities (MBS) cap remained unchanged at $35 billion. Consequently, the Fed’s balance sheet contracted to approximately $6.75 trillion, marking a recent low.
Chairman Powell explained that the slowdown in balance sheet reduction primarily stems from lower Treasury cash balances due to ongoing debt ceiling issues. The VT Markets Research Desk interprets this measured pace as indicative of strategic caution rather than abandonment of quantitative tightening, suggesting the Fed’s intention to manage market sentiment and liquidity conditions carefully.
Looking ahead, VT Markets advises market participants to closely monitor developments surrounding U.S. trade policy, especially potential tariff adjustments under the Trump administration, along with trends in inflation data, as these factors will significantly influence dollar sentiment in Q2.
Euro Resilience Amid Aggressive ECB Easing
In contrast to the Fed’s cautious positioning, the ECB pursued an assertively accommodative monetary stance, reducing its deposit rate from 4.0% to 2.5% across seven rate cuts since mid-2023. Interestingly, despite such aggressive easing, the euro demonstrated unexpected resilience, appreciating significantly against the dollar and recording the strongest gains among major global currencies.
The VT Markets Research Desk identifies several contributing factors behind the euro’s strength:
- Trade Policy Uncertainty: Persistent uncertainty surrounding U.S. trade policy under Trump eroded some of the dollar’s traditional safe-haven appeal, inadvertently supporting the euro.
- Equity Market Divergence: Relatively stronger performance in European equity markets compared to weaker U.S. stocks attracted cross-border capital flows, thereby increasing euro demand.
- Fiscal Stimulus Impact: Germany’s €500 billion fiscal stimulus package bolstered investor confidence, suggesting enhanced economic prospects for the Eurozone.
Nevertheless, the Research Desk notes that the sustainability of the euro’s gains remains contingent on both U.S. economic resilience and successful execution of European fiscal and monetary initiatives.
Possible Recovery for the Dollar
Entering Q2, the U.S. dollar index faced considerable pressure, declining approximately 3.85% in early 2024 amid trade-related uncertainties and shifting monetary expectations. Technical analysis indicates the dollar index found tentative support around the 102.8 level after rapid declines, suggesting potential stabilisation or a corrective rebound.
The VT Markets Research Desk highlights that recent dollar weakness may have partly reflected overreactions to policy uncertainty rather than fundamental deterioration. Consequently, should the Trump administration signal a softer stance on trade tariffs or if U.S. equities experience a sustained recovery, a renewed strengthening of the dollar index could follow.
Ongoing shifts in global monetary policy divergence between the Fed and ECB will remain pivotal in driving FX market volatility throughout 2024. The Research Desk suggests market participants to remain attentive to evolving policy signals, economic data releases, and geopolitical developments, particularly regarding U.S.-Europe economic dynamics, as these will be central to currency market direction in the coming months.Hashtag: #VTMarkets #CFDs #CFDsbrokers #Forextrading #USD #EUR
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Media OutReach
OPPO Unveils Agentic AI Initiative at Google Cloud Next 2025, Showcasing Innovations and Leadership in AI Experiences

“OPPO’s focus has always been on the user, and our goal is very clear: to lead innovation in AI experience and provide the best experience,” stated Jason Liao, President of the OPPO Research Institute. “We are continuously enhancing AI experiences through strategic collaborations with partners like Google Cloud, aiming to deliver Agentic AI capabilities to OPPO users.”
At Google Cloud Next 2025, OPPO showcased AI Search, a powerful system-level AI tool in collaboration with Google Cloud, which empowers users to efficiently search and retrieve complex multimodal document information using natural language queries. Furthermore, OPPO highlighted its significant advancements and innovative features across AI Productivity, AI Creativity, and AI Imaging.
Looking ahead, OPPO is actively exploring the next phase of Agentic AI experiences, with a focus on creating personalized and intelligent user experience.
OPPO is developing a new user knowledge system to serve as a centralized repository for user data, addressing the challenge of information fragmentation on mobile devices. It is designed to learn and adapt from user activities, interests, data, and memories, to provide highly personalized AI experiences, driving progress towards a future vision of intelligent, AI-driven operating systems.

Leveraging cutting-edge innovation and a steadfast commitment to enhancing user experience, OPPO is collaborating with key partners like Google Cloud to accelerate the development and adoption of AI technology, ultimately redefining the daily experience of AI across devices and services. By the end of 2025, OPPO aspires to empower nearly 100 million users worldwide to harness the transformative potential of OPPO AI.
Hashtag: #OPPO
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About OPPO
OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services. OPPO has footprints in more than 70 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.
Media OutReach
HKPC Launches “The Cradle – Going Global Service Centre” Partners with Three National Innovation Centres Achieves Three Early Going Global Success Cases

Empowering Enterprises in Global Expansion and Reinforcing Hong Kong’s Position as an International Innovation and Technology Hub
HONG KONG SAR – Media OutReach Newswire – 11 April 2025 – The Hong Kong Productivity Council (HKPC) officially launched “The Cradle – Going Global Service Centre” (The Cradle) today, supported by the Zhongguancun Beijing-Hong Kong-Macao Youth Innovation Centre, the National Innovation Centre par Excellence (NICE), and the Greater Bay Area National Centre of Technology Innovation. The Cradle will assist enterprises in expanding into international markets. The launch coincided with the “Enterprises Going Global Conference”, which gathered over 500 leaders from government, industry, academia, research and investment sectors to explore internationalisation strategies and global market opportunities.
Located at the HKPC Building, The Cradle offers one-stop professional support for Hong Kong and mainland tech innovation enterprises, including international standards alignment, product localisation and internationalisation support, intellectual property management and protection, and overseas regulatory compliance. It is designed to empower more Hong Kong and Mainland enterprises succeed in the global market.
This year’s Government Work Report from the “Two Sessions” emphasised Hong Kong should “deepen international exchanges and cooperation”. With the distinctive advantages of “One Country, Two Systems“, enjoying strong support of the Motherland and being closely connected to the world, Hong Kong serves as an ideal launchpad for both Hong Kong and Mainland enterprises to pilot new products and business models before entering international markets. Leveraging HKPC’s technical expertise and international networks, The Cradle will enable enterprises to navigate global standards and enhance their international competitiveness.
To mark its launch, The Cradle is showcasing three early Going Global success cases from UISEE Technology (Beijing) Ltd, Beijing Tashan Technology Co., Ltd, and Beijing Yunji Technology Co., Ltd. Drawing on HKPC’s extensive experience in standards testing, applied R&D, scenario-based deployment, and smart manufacturing, The Cradle will also leverage Hong Kong’s strengths in intellectual property protection, supply chain management, trade finance, and ESG to support enterprise upgrades in smart manufacturing, green transformation, and digitalisation. HKPC will join hands with its partners to explore new global opportunities for enterprises and forge a comprehensive support network for going global.
The “Enterprises Going Global Conference” and the inauguration ceremony of “The Cradle” were officiated by Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, and Hon Sunny TAN, Chairman of the Hong Kong Productivity Council.
In his opening remarks, Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, stated: “The country has been vigorously advancing technology development in recent years, with a growing number of tech enterprises emerging and seeking new breakthroughs and business opportunities. As global competition intensifies, going global has become a key development strategy for enterprises. With our unique position as an international financial and trading hub, Hong Kong is accelerating the development into an international I&T centre and is well-placed to serve as a launch pad for enterprises. The establishment of The Cradle – Going Global Service Centre will enhance cross-regional collaboration, accelerate the integration of technology and industry, and support more enterprises in expanding globally through Hong Kong. This further reinforces Hong Kong’s status as an international I&T hub.”
Hon Sunny TAN, Chairman of the Hong Kong Productivity Council, stated in his welcome remark, “HKPC has long been committed to driving new industrialisation and supporting enterprise transformation and upgrading. In alignment with the national innovation-driven development strategy, we are collaborating with three major innovation hubs — in the Beijing-Tianjin-Hebei Region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area — which together serve tens of thousands of enterprises. Over the past decade, HKPC has completed over 1,400 smart projects in the Greater Bay Area, and launched the ‘9+3+1 Development Plan’ to establish service bases and R&D centres, empowering SMEs to expand globally with high quality. As economies in the Global South continue to rise, we look forward to working across sectors through ‘The Cradle’ to forge a strong and sustainable outbound ecosystem for both Hong Kong and Mainland enterprises.”
Mr Zhang Kai, Executive Deputy General Manager of the Zhongguancun Beijing-Hong Kong-Macao Youth Innovation Centre highlighted the significance of The Cradle’s establishment as a major milestone. He said that this initiative will provide Beijing’s technology enterprises with comprehensive internationalization support to accelerate the global deployment of cutting-edge innovations. He added that his team anticipate strengthening its collaboration with HKPC to enhance cross-border partnerships, develop high-potential projects, and empower Beijing-based companies to succeed internationally.
Professor LIU Qing, Director of National Innovation Center par Excellence (NICE) said, “National Innovation Centre par Excellence(NICE)has always been committed to building an open and integrated innovation ecosystem to facilitate the globalization of enterprises, manifested by nurturing numerous joint innovation centres, internationally competitive R&D platforms, and project companies. Looking forward, we will continue to deepen our cooperation with HKPC, taking full benefits of Hong Kong’s regional advantages offered through Cradle, to help the Yangtze Delta enterprises overcoming the bottlenecks of global expansion. We will further leverage the industrial and innovation advantages of the Yangtze Delta, and work together with HKPC to create a new paradigm of ‘Yangtze Delta Cultivation + Hong Kong Services + Global Market’, so as to promote more enterprises to go global.”
Mr Wang Debao, Deputy Director of the Greater Bay Area National Centre of Technology Innovation stated that The Cradle leverages the international platform advantages of HKPC to provide the whole chain support for enterprises from technical verification to overseas implementation, serving as a critical bridge for their global expansion. The Greater Bay Area National Center of Technology Innovation will actively deepen collaboration with major innovation hubs, assisting mainland enterprises in overcoming technical barriers and challenges in international markets, and accelerating the high-quality development and global application of new quality productivity achievements.
Enterprises Going Global Conference Explores Global Innovation Opportunities
The Enterprises Going Global Conference featured in-depth discussions with leading industry speakers on global market trends, technology innovation, and policy-capital synergy. Key topics included global expansion strategies, overcoming internationalisation challenges, and leveraging professional services, technology collaboration, and regulatory frameworks to support sustainable global growth.
Hashtag: #HKPC
The issuer is solely responsible for the content of this announcement.
The Hong Kong Productivity Council (HKPC)
The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D) internationally, specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.
In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.
For more information, please visit: www.hkpc.org
Media OutReach
Wisdom of Happiness to be shown at the 78th Cannes Film Festival

It is an intimate and unique documentary in which the Dalai Lama speaks directly to the camera about what he calls the source of happiness – inner peace, and shares practical wisdom for dealing with the challenges of this century and the controversy surrounding the reincarnation of the Dalai Lama. The documentary also shows the Dalai Lama’s early life, including rare archival material documenting his journey as Tenzin Gyatso.
American actor Richard Gere, a long-time follower of the Dalai Lama, served as executive producer and said it was a blessing to be involved in this documentary about love and compassion. With the support of private Swiss funds, Wisdom of Happiness was shot by photographer Manuel Bauer. Austrian sales company Autlook Fimsales is responsible for global sales. The film premiered at the Zurich Film Festival in October 2024 and was selected for the Dharamsala International Film Festival in India and the DocPoint Documentary Film Festival in Helsinki, Finland.
Wisdom of Happiness will be screened at the main venue, the Palais of Cannes Film Festival. Another film about exiled Tibetans, State of Statelessness, will also show in the market of Cannes Film Festival.
Hashtag: #WisdomofHappiness
The issuer is solely responsible for the content of this announcement.
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