News
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FACTBOX-From intern to top boss — who is Michael Fiddelke, Target's new CEO
Aug 20 (Reuters) - Target TGT.N named longtime company veteran Michael Fiddelke as its CEO, replacing retail industry bigwig Brian Cornell, effective February 1, 2026.The leadership change comes as inflation and uncertainty from U.S. tariffs raise concerns over consumer spending, particularly for Ta...Reuters
Wed, Aug 20
USD mixed, NZD tumbles after RBNZ – Scotiabank
The US Dollar (USD) is trading mixed versus is major currency peers but gains versus the core majors overnight appear to have peaked, leaving the Dollar Index (DXY) trading down modestly on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Aug 20
European bond yields steady ahead of Jackson Hole summit
Fed Chair Powell due to speak at Jackson Hole on FridayMoney markets price in quarter-point Fed rate cutAnticipate ECB will hold rates steadySpread between French and Italian 10-year yield narrowsBy Joice Alves LONDON, Aug 20 (Reuters) - Euro zone government bond yields were little changed on Wed...Reuters
Wed, Aug 20
GBP/USD: Likely to trade in a range between 1.3415 and 1.3585 – UOB Group
Downward momentum continues to increase, and there is a chance for Pound Sterling (GBP) to drop to 1.3460. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Aug 20
Fed minutes could show whether Waller and Bowman had company in favoring rate cuts soon
Fed minutes may reveal support for rate cuts among policymakersLabor data supports concerns of Bowman and Waller on job marketInflation concerns persist amid Trump's tariff policiesBy Dan Burns WASHINGTON, Aug 20 (Reuters) - Last month's decision by the U.S. Federal Reserve to hold intere...Reuters
Wed, Aug 20
USD: Quiet consolidation – ING
The dollar has quietly gone a little bid this week. We're not sure what's driving it, but we wouldn't read too much into it at this stage. Perhaps it's just that sitting short dollars is expensive with one-week dollar rates still well above 4.00%, ING's FX analyst Chris Turner notes.Fxstreet
Wed, Aug 20
Taiwan's July export orders rise for 6th month, warns on global trade risks
Export orders +15.2% y/y vs +15.0% Reuters poll forecastOrders from China +3.6% y/y vs +15% in prior monthMinistry sees August orders between +10.5% and +14.5% y/yMinistry cautious about outlook on US trade policySees support in momentum of orders TAIPEI, Aug 20 (Reuters) - Taiwan's export order...Reuters
Wed, Aug 20
NZD/USD pressures key 200-DMA support – Société Générale
NZD/USD is testing the lower edge of its consolidation range and the 200-day moving average near 0.5800. A failure to reclaim resistance at 0.5940 would leave the pair vulnerable to a deeper decline, with downside projections at 0.5730 and 0.5620, Société Générale's FX analysts note.Fxstreet
Wed, Aug 20
New Zealand: RBNZ cuts OCR by 25 bps in Aug and turns more dovish – UOB Group
Earlier today (20 Aug), the Reserve Bank of New Zealand (RBNZ) decided to decrease the Official Cash Rate (OCR) by 25 bps from 3.25% to 3.00%, the lowest level in three years, UOB Group's economist Lee Sue Ann reports.Fxstreet
Wed, Aug 20
US-EU trade deal not far from ECB's baseline forecast, Lagarde says
FRANKFURT, Aug 20 (Reuters) - The trade deal between the U.S. and the EU is close to the baseline assumed by the European Central Bank, but uncertainty persists in key sectors like pharmaceuticals and semiconductors, ECB President Christine Lagarde said on Wednesday.The EU accepted 15% tariffs on mo...Reuters
Wed, Aug 20
Indian Oil, BPCL resume buying Russian oil for September, sources say
By Nidhi Verma NEW DELHI, Aug 20 (Reuters) - India's state-run refiners Indian Oil IOC.NS and Bharat Petroleum BPCL.NS have bought Russian oil for September and October delivery, resuming purchases after discounts widened, two company officials aware of the matter said on Wednesday.The resump...Reuters
Wed, Aug 20
RBNZ Cuts Rates, Hints at More Easing; NZD Sinks to Four-Month Low
TradingKey - The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 3.0%, the lowest level since 2022, in line with market expectations. This marks the eighth rate reduction since the central bank initiated its easing cycle in August 2024, with cumulative...TradingKey
Wed, Aug 20
