News
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GBP/USD rises to near 1.3450 due to improved market sentiment, UoM Consumer Sentiment eyed
GBP/USD gains ground after registering small losses in the previous session, trading around 1.3440 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) edges lower due to dovish remarks from the Federal Reserve (Fed) officials.
Fxstreet
Fri, Jul 18
China to expand trade in next five-year plan, minister says
BEIJING, July 18 (Reuters) - China's trade has strong resilience and momentum, and the country will expand imports as well as grow exports in its next five-year plan, Commerce Minister Wang Wentao said on Friday.Wang, speaking at a press conference, also said China will introduce policies to fur...Reuters
Fri, Jul 18
Australian Dollar advances as market sentiment improves due to dovish Fedspeak
The Australian Dollar (AUD) advances on Friday, recovering its more than 0.5% losses from the previous session. The AUD/USD pair appreciates as the US Dollar (USD) faces challenges due to dovish remarks from the Federal Reserve (Fed) officials.
Fxstreet
Fri, Jul 18
Japan's core inflation slows but stays above BOJ target, keeps hike bets alive
June nationwide core CPI up 3.3% yr/yr, matching forecastIndex excluding fresh food, fuel rises 3.4% yr/yr in JuneSticky food inflation drawing BOJ policymakers' attentionBOJ seen revising up inflation forecast in quarterly reviewBy Leika Kihara and Takahiko Wada TOKYO, July 18 (Reuters) - Ja...Reuters
Fri, Jul 18
US retail sales growth, steady job market bolster Fed's rate-cut delay
WASHINGTON, July 17 (Reuters) - U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.Reuters
Fri, Jul 18
Fed's Waller: Fed headquarters cost overrun not uncommon with renovations
By Michael S. Derby NEW YORK, July 17 (Reuters) - Federal Reserve Governor Christopher Waller said on Thursday that the sort of cost overruns the central bank has faced on the renovation of its headquarters are not uncommon and are in part tied to inflation factors."There's a lot of atten...Reuters
Thu, Jul 17
Fed's Waller says he has not been approached about becoming next Fed leader
By Michael S. DerbyNEW YORK, July 17 (Reuters) - Federal Reserve Governor Christopher Waller said on Thursday he had not been approached by anyone in the Trump administration about potentially succeeding current Federal Reserve Chairman Jerome Powell.Donald Trump has been putting pressure on Powell ...Reuters
Thu, Jul 17
Foreign holdings of US Treasuries rise in May despite China drop
Japan remains largest non-U.S. holder of Treasuries at $1.135 trillionChina reduces holdings to $756.3 billion, lowest since February 2009Net capital inflow to U.S. hits $311.1 billion in MayBy Gertrude Chavez-DreyfussNEW YORK, July 17 (Reuters) - Foreign holdings of U.S. Treasuries increased in May...Reuters
Thu, Jul 17
Fed's Waller: FOMC should cut interest rates by 25 bps at the July meeting
Federal Reserve Governor Christopher Waller said late Thursday that he continues to believe that the Fed should cut its interest rate target at the July meeting, citing mounting economic risks and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressuresFxstreet
Thu, Jul 17
Fed's Waller again makes case for July interest rate cut
Fed's Waller says July rate cut justified by rising risksWaller says trade tariffs unlikely to push up inflation long runWaller said risks mounting for job market, which calls for Fed responseBy Michael S. Derby NEW YORK, July 17 (Reuters) - Federal Reserve Governor Christopher Waller said on...Reuters
Thu, Jul 17
Bahrain announces $17 billion in US deals during Trump talks
Deals on planes, computer networking, aluminum follow Trump's Mideast dealmakingIran on the agenda'These aren't fake deals,' crown prince saidBy Steve Holland and Trevor Hunnicutt WASHINGTON, July 16 (Reuters) - Bahrain's crown prince announced on Wednesday plans to invest mor...Reuters
Thu, Jul 17
TREASURIES -US yields drift higher after solid round of US data
Deluge of data causes brief spike in US yieldsUS 10-year yields up 23 bps so far this monthUS 2/10 Treasury yield curve flattensUS rate futures price in 43 bps of easing in 2025By Gertrude Chavez-Dreyfuss NEW YORK, July 17 (Reuters) - U.S. Treasury yields rose modestly across most maturities on T...Reuters
Thu, Jul 17
Foreign holdings of US Treasuries top $9 trillion for 3rd month -data
NEW YORK, July 17 (Reuters) - Foreign holdings of U.S. Treasuries increased in May, data from the Treasury Department showed on Thursday, topping $9 trillion for a third straight month. Holdings of U.S. Treasuries rose to $9.045 trillion, up from April's level of $9.013 trillion. Compared with a...Reuters
Thu, Jul 17
FACTBOX-The Fed building renovations at the center of Trump's fight with Powell: Five things to know
By Ann Saphir July 17 (Reuters) - The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration's escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out o...Reuters
Thu, Jul 17
