News
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Fed’s Goolsbee: Do not understand arguments Fed should cut rates to make government debt cheaper
Chicago Federal Reserve (Fed) President Austan Goolsbee said on Friday that he “does not understand arguments the Fed should cut rates to make government debt cheaper, mandate is on jobs and prices.”Fxstreet
Fri, Jul 11
WTI moves above $66.00 due to prospect of potential US sanctions on Russia
West Texas Intermediate (WTI) Oil price retraces its more than 2% losses registered in the previous session, trading around $66.10 per barrel during the Asian hours on Friday. Crude Oil prices receive support from rising geopolitical risk premiums, driven by potential supply concerns.
Fxstreet
Fri, Jul 11
GBP/JPY moves below 199.00 as UK GDP falls against expected expansion
GBP/JPY edges lower as the United Kingdom (UK) economy declines in May, remaining in the positive territory and trading around 199.20 during the Asian hours on Friday. The UK Gross Domestic Product (GDP) declined 0.1%, following a 0.3% drop in April, against the market consensus of 0.1% growth.
Fxstreet
Fri, Jul 11
Canada Jobs Report Preview: Unemployment rate expected to edge higher in June
On Friday, Statistics Canada will release the results of the Canadian Labour Force Survey. Market investors predict that the report will come in on the soft side, which might encourage the Bank of Canada (BoC) to resume its easing cycle.Fxstreet
Fri, Jul 11
GBP/USD falls to near 1.3550 amid rising economic concerns in United Kingdom
GBP/USD continues its losing streak for the sixth consecutive day, trading around 1.3560 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) extends its gains due to evolving monetary policy signals by the Federal Reserve’s (Fed) officials.Fxstreet
Fri, Jul 11
Canadian PM Carney emphasizes commitment to collaborating with US
Canadian Prime Minister Mark Carney said on Friday that Canada has consistently protected its workers and businesses during ongoing trade negotiations with the United States (US), and the country will maintain this approach as trade talks continue toward the August 1 deadline.
Fxstreet
Fri, Jul 11
