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US Dollar Index rebounds to near 97.50 after breaking three-day losing streak
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, halts its three-day losing streak and is trading around 97.50 during the Asian hours on Wednesday.
Fxstreet
Wed, Jul 23
Japan’s Ishiba is reported to step down by the end of August
Japanese Prime Minister Shigeru Ishiba on Wednesday is reported to resign by the end of August.
Fxstreet
Wed, Jul 23
Japan’s Ishiba agrees with US on tariffs
Japanese Prime Minister Shigeru Ishiba said on Wednesday that Japan has agreed to a trade deal with the United States, one of the country's largest trading partners.
Fxstreet
Wed, Jul 23
BoJ’s Uchida: Japan’s economy has recovered moderately
Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday that Japan's economy has recovered moderately, although some weakness has been seen in parts.
Fxstreet
Wed, Jul 23
Detroit Three automakers raise concerns about Japan trade deal
July 22 (Reuters) - A group representing General Motors GM.N Ford F.N and Chrysler-parent Stellantis STLAM.MI on Tuesday raised concerns about a trade deal that could cut tariffs on auto imports from Japan to 15% while leaving tariffs on imports from Canada and Mexico at 25%.Matt Blunt, who heads th...
Reuters
Wed, Jul 23
Australia Westpac Leading Index (MoM) increased to 0% in June from previous -0.06%
Australia Westpac Leading Index (MoM) increased to 0% in June from previous -0.06%
Fxstreet
Wed, Jul 23
RPT-TIMELINE-EU-China trade frictions
BEIJING, July 22 (Reuters) - Chinese and European Union leaders will meet in Beijing on Thursday for a summit marking 50 years of diplomatic ties. Here is a timeline of EU-China trade tensions in recent years. Mar 22, 2021 - The EU sanctions four Chinese officials over alleged human rights abuse...
Reuters
Wed, Jul 23
Indonesia to cut tariffs, non-tariff barriers in US trade deal
Indonesia to end pre-shipment inspections on US farm goodsUS safety standards for autos, drugs to be accepted by IndonesiaIndonesia to drop plans for tariffs on data flows, White House saysBy David Lawder and Andrea Shalal WASHINGTON, July 22 (Reuters) - Indonesia has agreed to eliminate tariffs ...
Reuters
Wed, Jul 23
US President Donald Trump says he has completed a 'massive deal' with Japan
US President Donald Trump said early Wednesday that the United States (US) has a trade deal with Japan.
Fxstreet
Tue, Jul 22
South Korea Consumer Sentiment Index up to 110.8 in July from previous 108.7
South Korea Consumer Sentiment Index up to 110.8 in July from previous 108.7
Fxstreet
Tue, Jul 22
Brazil eases 2025 spending curbs needed to comply with fiscal rules
BRASILIA, July 22 (Reuters) - Brazil's government on Tuesday eased the total spending curbs previously deemed necessary to comply with fiscal rules, after raising its net revenue forecast by 27.1 billion reais ($4.87 billion) this year, according to its latest revenue and expenditure report.The ...
Reuters
Tue, Jul 22
Brazil government eliminates spending freeze to meet 2025 fiscal target
BRASILIA, July 22 (Reuters) - Brazil's government on Tuesday fully eliminated the spending freeze previously deemed necessary to meet this year's fiscal target, after having frozen 20.7 billion reais in May, according to its latest bimonthly revenue and expenditure. In the report, the Fi...
Reuters
Tue, Jul 22
TREASURIES-US government bonds extend rally as Trump keeps blasting Fed
Treasuries inch up after Monday's rally Investors to focus on Fed meeting, US tariff deadline next weekNo major economic data releases on deckBy Davide Barbuscia NEW YORK, July 22 (Reuters) - U.S. Treasury yields slipped on Tuesday as President Donald Trump continued to lash out at Federal Re...
Reuters
Tue, Jul 22
Canadian PM Carney: Working a deal with Trump, will keep talking to non-US allies
Canadian Prime Minister Mark Carney noted on Tuesday that while the Canadian government is still open to further trade discussions with the US, Canada will still be pursuing active negotiations with allies outside of the US.
Fxstreet
Tue, Jul 22
Trump says Fed's Powell will be out in 8 months, calls him a 'numbskull'
Trump says Powell should deliver lower ratesEconomists say political influence over monetary policy never ends wellGoldman Sachs notes rising risk to Fed independence, inflation expectations increaseBy Trevor Hunnicutt and Andrea Shalal WASHINGTON, July 22 (Reuters) - U.S. Federal Reserve Cha...
Reuters
Tue, Jul 22
Forex Today: Trade, Fed’s independence remains in the driver’s seat
The Greenback accelerated its decline on Tuesday, slipping back to two-week lows near 97.50 amid an improved sentiment around the risk complex despite unabated uncertainty on the trade front and further fireworks surrounding the Trump-Powell crisis.
EUR/USD
Fxstreet
Tue, Jul 22
US became net exporter of crude to Nigeria for the first time, EIA says
By Kavya Balaraman July 22 (Reuters) - The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S. East Coast slowed due to refinery maintenance and the Dangote refinery drove up Nigeria's demand for inputs, the U.S. Energy Information Ad...
Reuters
Tue, Jul 22
US considering no tax on capital gains on home sales, Trump says
WASHINGTON, July 22 (Reuters) - U.S. President Donald Trump said on Tuesday his administration is considering removing taxes on capital gains on home sales."If the Fed would lower the rates, we wouldn't even have to do that," Trump told reporters in the Oval Office. "But we are think...
Reuters
Tue, Jul 22
TIMELINE-EU-China trade frictions
BEIJING, July 22 (Reuters) - Chinese and European Union leaders will meet in Beijing on Thursday for a summit marking 50 years of diplomatic ties. Here is a timeline of EU-China trade tensions in recent years. Mar 22, 2021 - The EU sanctions four Chinese officials over alleged human rights abuse...
Reuters
Tue, Jul 22
Trump blames housing problems on Fed's Powell not cutting rates
United States (US) President Donald Trump took the opportunity to lash out further at Federal Reserve (Fed) Chair Jerome Powell on Tuesday during a meeting with Philippines President Bongbong Marcos.
Fxstreet
Tue, Jul 22
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