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The Australian Dollar rises on renewed optimism, US PPI data awaited
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, halting its three-day losing streak. The AUD/USD pair appreciates as the US Dollar edges lower amid renewed optimism, driven by US President Donald Trump's willingness to further engage in trade discussions.
Fxstreet
Wed, Jul 16
Trump sets 19% tariff on Indonesia goods in latest deal, EU readies retaliation
US had nearly $18 billion trade gap with Indonesia last yearTrump says tariff letters to smaller countries coming soonEuropean Commission targets $84 billion worth of US importsEU seeking deal but preparing retaliation, trade chief saysBy David Lawder and Philip Blenkinsop WASHINGTON/BRUSSELS, JuReuters
Wed, Jul 16
Fed's Logan sees holding rates steady a while longer
Fed to track data into the fall to judge tariffs' effect on inflationLogan says she'd like to see low inflation continue longer to be convincedTariff increases may create additional inflationary pressure, Logan saysLogan sees favorable environment for demand to remain resilientBy Ann Saphir ...Reuters
Wed, Jul 16
Fed's Logan: will take until autumn to see tariffs' inflation effect
July 15 (Reuters) - Dallas Federal Reserve Bank President Lorie Logan said on Tuesday she expects it will take until the fall to understand the effect of tariffs on inflation, in part because companies are waiting until they know what the level of tariffs will be before they pass the extra costs ont...Reuters
Wed, Jul 16
Small but rising Japanese opposition party warns against near-term BOJ rate hike
BOJ should hold off raising rates until economy stronger - Sanseito party headCalls for caution highlight challenge in BOJ's rate hike pathSanseito says no plan to join ruling coalition post-electionBy Takaya Yamaguchi and Leika Kihara TOKYO, July 16 (Reuters) - The Bank of Japan should hold ...Reuters
Wed, Jul 16
Fed's inflation fears start to be realized with June CPI increase
WASHINGTON, July 15 (Reuters) - Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration's increasing import taxes passing through to consumers.Reuters
Wed, Jul 16
Fed's Logan says her base case calls for holding rates steady a while longer
Logan says she'd like to see low inflation continue longer to be convincedTariff increases may create additional inflationary pressure, Logan saysLogan sees favorable environment for demand to remain resilientBy Ann Saphir July 15 (Reuters) - The U.S. central bank will probably need to leave ...Reuters
Tue, Jul 15
US President Donald Trump says will release letter soon on smaller countries
US President Donald Trump said late Tuesday that letters notifying smaller countries of their US tariff rates would go out soon, per Reuters. Trump further stated that his administration would likely set a tariff of "a little over 10%" for those countries.Fxstreet
Tue, Jul 15
US Pres. Trump: Bessent is an option to replace Fed chair but I like the job he's doing at Treasury
US President Donald Trump said late Tuesday that Scott Bessent is an option to replace the Federal Reserve (Fed) Chair, but he likes the job that Bessent is doing as US Treasury Secretary, per Reuters.Fxstreet
Tue, Jul 15
BoE's Bailey: Countries with big deficits comer under the most market pressure
Bank of England (BoE) Governor Andrew Bailey took the time to fire a quiet shot across the bow of the United States (US), particularly the Trump administration's whiplash tariff and trade policies that change on a nearly-daily basis, noting that countries with high deficits will be the first to expeFxstreet
Tue, Jul 15
CORRECTED-TREASURIES-US yields climb to multi-week peaks after modest rise in June inflation
CPI data shows mild tariff-related pressuresUS 30-year yield hits 5%, a six-week highFed funds futures still pricing in two cuts this yearUS breakeven inflation rises across the board post-CPI dataBy Gertrude Chavez-Dreyfuss NEW YORK, July 15 (Reuters) - U.S. Treasury yields rose on Tuesday, with...Reuters
Tue, Jul 15
Collins says Fed mandates work together over longer haul
NEW YORK, July 15 (Reuters) - Federal Reserve Bank of Boston President Susan Collins on Tuesday said that the U.S. central bank's employment and inflation goals are not at odds over longer-run horizons. The two goals are "highly complementary," although the Fed can face challenges balanc...Reuters
Tue, Jul 15
Fed's Collins urges patience on rates, says tariff hit may be more modest
By Michael S. Derby NEW YORK, July 15 (Reuters) - Boston Federal Reserve President Susan Collins said on Tuesday she's in no rush to change the U.S. central bank's benchmark interest rate amid current economic uncertainty, as data suggest that while import tariffs will drive up inflation,...Reuters
Tue, Jul 15
FACTBOX-JPMorgan CEO Dimon's comments highlight steady caution on US economy
By Niket Nishant July 15 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon has maintained a cautious stance on the U.S. economy for several quarters now and said on Tuesday accurate forecasts are a challenge because key shifts are apparent only in hindsight.While the longtime CEO expressed optimi...Reuters
Tue, Jul 15
