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TREASURIES-US government bonds rally on short covering, tariff concerns
Uncertainty over trade talks prompts safe-haven demandDemand also likely coming from investors covering short betsLight economic calendar this weekBy Davide Barbuscia NEW YORK, July 21 (Reuters) - U.S. Treasuries rallied on Monday, pushing yields lower, as investors likely unwound short positions...Reuters
Mon, Jul 21
Fed adds video tour footage to building renovation information page on website
July 21 (Reuters) - The Federal Reserve on Monday added footage of a video tour of the two historic buildings it is renovating at its Washington headquarters campus amid criticism from the White House over cost overruns for the project.The 6-minute, 23-second video indicates it was recorded on July ...Reuters
Mon, Jul 21
US Treasury's Bessent says Federal Reserve needs to be examined as an institution
WASHINGTON, July 21 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.Bessent, speaking with CNBC, declined to comment on a report that he had advised President Donald Trump not to fi...Reuters
Mon, Jul 21
USD/CNH: Likely to trade in a range of 7.1730/7.1860 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1730/7.1860 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Jul 21
All six Bank of Israel MPC members backed holding key rate at 4.5% this month, minutes show
JERUSALEM, July 21 (Reuters) - All six members of the Bank of Israel's Monetary Policy Committee voted to keep the benchmark interest rate unchanged at 4.5% on July 7, according to minutes of the meeting issued by the central bank on Monday.Discussions centered on economic activity, which contin...Reuters
Mon, Jul 21
US tariffs could cost Italy up to 0.8% of GDP, business lobby says
MILAN, July 21 (Reuters) - U.S. tariffs of 30% on European Union goods could shave up to 0.8% off Italy's gross domestic product in 2027, the country's main business lobby said on Monday, as transatlantic trade negotiations continued. President Donald Trump has threatened 30% tariffs on EU i...Reuters
Mon, Jul 21
As US wildfires rage, firefighters clean toilets after Trump staff cuts, critics say
US Forest Service downsizes, loses 15% workforceFirefighters face shortages after 1,500 support staff leave, critics sayUSFS says firefighters ready for above-normal fire year predictionBy Andrew HayJuly 21 (Reuters) - The U.S. Forest Service faced criticism from current and former employees who say...Reuters
Mon, Jul 21
PREVIEW-U.S. homebuilders head into back half of 2025 with rising costs, tariff uncertainty
Homebuilders face rising raw material costs and elevated interest ratesExisting-home sales expected to rise, new-home sales to declineS&P 500 homebuilding sub-index down 1.4% year to dateBy Aatreyee Dasgupta July 21 (Reuters) - U.S. homebuilders are navigating several headwinds as they approa...Reuters
Mon, Jul 21
Further EU sanctions on Russia – ING
The EU announced its 18th sanction package against Russia at the end of last week, which involves tougher sanctions against the Russian energy sector. This includes lowering the Oil price cap for Russian crude from US$60/bbl to US$47.60/bbl. It will come into force on 3 September.Fxstreet
Mon, Jul 21
Greek current account turns to surplus in May
July 21 (Reuters) - Greece recorded a current account surplus of 196.5 million euros in May, driven by improvements across all component balances especially goods, central bank data showed on Monday.The surplus reversed a deficit of 2.32 billion euros in the same month last year. The Bank of Greece...Reuters
Mon, Jul 21
ECB Survey: Eurozone firms optimisitc but feel the heat of trade tensions
In its quarterly Survey on the Access to Finance of Enterprises (SAFE) published on Monday, the European Central Bank (ECB) said that most Eurozone firms remain upbeat on growth prospects but face headwinds from trade tensions.
Fxstreet
Mon, Jul 21
German yield curve flattens after 4 weeks of steepening
By Stefano Rebaudo July 21 (Reuters) - The German yield curve flattened on Monday as investors took a breather after four consecutive weeks of pushing it steeper, ahead of euro zone PMI data and the European Central Bank’s policy decision later this week.Economists expect the ECB to leave rates u...Reuters
Mon, Jul 21
RBNZ Sectoral Factor Inflation Model drops to 2.8% YoY in Q2 2025
The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the second quarter (Q2) of 2025, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Monday.
Fxstreet
Mon, Jul 21
