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Fed’s Williams: Affirms confidence for inflation to return to 2% target
The remarks from New York Federal Reserve (Fed) Bank President John Williams, in an interview with Reuters that took place on Friday and was released during the European trading session on Monday, signal that he was confident about inflation returning to the central bank’s 2% target.Fxstreet
Mon, Aug 3
Euro strengthens against Canadian Dollar despite mixed German data
EUR/CAD edges lower after opening with a bullish gap, remaining in the positive territory and trading around 1.6180 during the European hours on Monday. The currency cross is holding its ground as the Euro (EUR) remains resilient despite mixed economic data from Germany.
Fxstreet
Mon, Aug 3
Equities: AI reassessment shakes global markets – Deutsche Bank
Deutsche Bank strategists highlight a sharp reassessment of the AI (Artificial intelligence) trade with semiconductor and Korean equities suffering steep monthly losses despite strong YTD gains. European stocks outperformed as sector rotation and solid Eurozone growth supported broader indices.Fxstreet
Mon, Aug 3
Iran's Baghaei: No talks with US currently regarding Hormuz
The remarks from Iran's foreign ministry spokesperson Esmail Baghaei, released during the European trading session on Monday, indicates that Tehran is in no discussion with the United States (US) regarding the reopening of the Strait of Hormuz, a critical chokepoint to almost 20% of global energy suFxstreet
Mon, Aug 3
Equities: Sector rotations shape summer performance – Danske Bank
Danske Research Team notes that equity indices have been broadly unchanged over the summer, but sector rotations have been significant. Higher Oil prices supported energy stocks, while within technology, software has outperformed and semiconductors have lagged.Fxstreet
Mon, Aug 3
Germany’s Retail Sales falls by 1.1% MoM in June vs. -0.5% expected
German Retail Sales, a key measure of consumer spending, showed a downside in June. The consumer spending measure fell 1.1% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.5%. In May, Retail Sales rose by 1.2% (revised from 1.1%)Fxstreet
Mon, Aug 3
Indonesian Rupiah holds gains as manufacturing PMI expands in July
USD/IDR remains subdued for the fourth successive day, trading around 18,040 during the Asian hours on Monday. The pair experiences notable downside pressure as the Indonesian Rupiah (IDR) strengthens in response to encouraging domestic economic indicators.Fxstreet
Mon, Aug 3
Japan’s Mimura: Joint intervention could mark peak of US-Japan currency partnership
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said that joint intervention could mark the peak of US-Japan currency partnership, Reuters reported on Monday.Fxstreet
Mon, Aug 3
Japan's Katayama: Conducted coordinated yen-purchasing intervention with US
Japan's Finance Minister Satsuki Katayama said on Monday that Japanese authorities conducted coordinated Yen-buying intervention with the United States (US) on Friday, adding that officials will not hesitate to carry out more foreign exchange (FX) intervention with Washington, Bloomberg reported.Fxstreet
Mon, Aug 3
United States CFTC Oil NC Net Positions up to 120.1K from previous 81.7K
Fxstreet
Fri, Jul 31
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