News
Important Only
Political gridlock eases JGB yield pressure – BBH
Japan’s political stalemate is likely to limit large-scale fiscal stimulus, easing pressure on long-term JGB yields. Meanwhile, USD/JPY has stabilized after recent losses and is expected to remain rangebound in the coming months, BBH FX analysts report.
Fxstreet
Tue, Jul 22
In the Market-How the ghost of ‘transitory’ inflation is haunting the rate debate
Trump administration frustrated with economists' views on tariffs and inflationFed officials divided on tariff impact and rate cut decisionUncertainty remains around inflation and tariff effects on economyBy Paritosh Bansal July 22 (Reuters) - Joseph Lavorgna, counselor to Treasury Secretary ...Reuters
Tue, Jul 22
Bailey speech: UK experience on yield curve is not out of line with other markets
Testifying on the Financial Stability Report (FSR) before the Treasury Select Committee, in London, on Tuesday, Bank of England (BoE) Governor Andrew Bailey said that “the UK experience on yield curve is not out of line with other markets.”
Fxstreet
Tue, Jul 22
Brent hits resistance at $72 – Société Générale
Brent crude is struggling to break above its 200-day moving average near $72, highlighting ongoing resistance in the market. Failure to overcome this barrier could trigger further declines toward $66.30 and potentially $63.00, Société Générale's FX analysts note.Fxstreet
Tue, Jul 22
Taiwan June export orders beat expectations, tariff uncertainty a concern
Export orders +24.6% y/y vs +22.9% Reuters poll forecastOrders from China +15.4% y/y vs -2.4% in prior monthMinistry sees July orders between +7.9% and +11.9% y/yMinistry cautious about outlook given US trade policy, geopolitical risksTAIPEI, July 22 (Reuters) - Taiwan's export orders rose more ...Reuters
Tue, Jul 22
Indonesia targets foreign investment with new AI roadmap, official says
Roadmap to highlight AI's investment potential: deputy ministerAI roadmap to guide developers on infrastructure and computational clustersIndonesia offers U.S. joint investment in critical minerals amid tariff talks: officialIndonesia's AI development hindered by lack of infrastructure, skil...Reuters
Tue, Jul 22
WTI falls to near $65.50 as prevailing trade tensions boost demand concerns
West Texas Intermediate (WTI) Oil price extends its losses for the third successive session, trading around $65.50 during European hours on Tuesday. The price of the black gold depreciates as ongoing trade tensions boost fears about the demand outlook.
Fxstreet
Tue, Jul 22
Japan bonds drift higher as traders assess fiscal fallout from coalition defeat
TOKYO, July 22 (Reuters) - Japanese government bonds drifted higher on Tuesday as investors returning from a long holiday weekend assessed the fiscal implications of the ruling coalition's recent election defeat.Reuters
Tue, Jul 22
EXCLUSIVE-Indonesia plans $8 bln refineries contract with US firm amid tariffs deal, sources say
Planned contract with KBR Inc to build 17 modular refineries, presentation showsJakarta banking on regional industry relocations to Indonesia due to lower US tariffIndonesia could see 0.5% boost to GDP due to US deal, minister tells businessesUS companies like Apple, General Electric will benefit fr...Reuters
Tue, Jul 22
RBA Minutes: Board agreed further rate cuts warranted over time
The Reserve Bank of Australia (RBA) published the Minutes of its July monetary policy meeting on Tuesday, highlighting that the board agreed further rate cuts warranted over time and focus was on timing and extent of easing.Fxstreet
Tue, Jul 22
US Treasury Sec. Bessent calls for deeper bank regulatory reforms - Reuters
US Treasury Secretary Scott Bessent said on Monday that deeper reforms of an antiquated financial regulatory system are needed and regulators should consider abandoning ‘flawed’ dual capital requirements for banks, per Reuters.Fxstreet
Tue, Jul 22
