News
Important Only
Crude and gasoline inventories fall, distillates rise, EIA says
Aug 20 (Reuters) - Crude inventories fell by 6 million barrels to 420.7 million barrels last week, the U.S. Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel draw.Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI ...Reuters
Wed, Aug 20
US Justice Department taking referral for Fed's Cook very seriously, official says
Aug 20 (Reuters) - The U.S. Department of Justice has received the criminal investigation referral for a probe into mortgages taken out by Federal Reserve Governor Lisa Cook and is taking it very seriously, a department official told Reuters on Wednesday.U.S. Federal Housing Finance Agency Director ...Reuters
Wed, Aug 20
QUOTE BOX-Target's new CEO faces uphill task to gain investor confidence
Aug 20 (Reuters) - Target's TGT.N appointment of company veteran Michael Fiddelke as CEO did little to enthuse Wall Street analysts as they were pinning their hopes on an outsider to put the struggling retailer back on track. Shares of Target tumbled nearly 11% on Wednesday afte...Reuters
Wed, Aug 20
FACTBOX-From intern to top boss — who is Michael Fiddelke, Target's new CEO
Aug 20 (Reuters) - Target TGT.N named longtime company veteran Michael Fiddelke as its CEO, replacing retail industry bigwig Brian Cornell, effective February 1, 2026.The leadership change comes as inflation and uncertainty from U.S. tariffs raise concerns over consumer spending, particularly for Ta...Reuters
Wed, Aug 20
USD mixed, NZD tumbles after RBNZ – Scotiabank
The US Dollar (USD) is trading mixed versus is major currency peers but gains versus the core majors overnight appear to have peaked, leaving the Dollar Index (DXY) trading down modestly on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Aug 20
European bond yields steady ahead of Jackson Hole summit
Fed Chair Powell due to speak at Jackson Hole on FridayMoney markets price in quarter-point Fed rate cutAnticipate ECB will hold rates steadySpread between French and Italian 10-year yield narrowsBy Joice Alves LONDON, Aug 20 (Reuters) - Euro zone government bond yields were little changed on Wed...Reuters
Wed, Aug 20
GBP/USD: Likely to trade in a range between 1.3415 and 1.3585 – UOB Group
Downward momentum continues to increase, and there is a chance for Pound Sterling (GBP) to drop to 1.3460. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Aug 20
Fed minutes could show whether Waller and Bowman had company in favoring rate cuts soon
Fed minutes may reveal support for rate cuts among policymakersLabor data supports concerns of Bowman and Waller on job marketInflation concerns persist amid Trump's tariff policiesBy Dan Burns WASHINGTON, Aug 20 (Reuters) - Last month's decision by the U.S. Federal Reserve to hold intere...Reuters
Wed, Aug 20
USD: Quiet consolidation – ING
The dollar has quietly gone a little bid this week. We're not sure what's driving it, but we wouldn't read too much into it at this stage. Perhaps it's just that sitting short dollars is expensive with one-week dollar rates still well above 4.00%, ING's FX analyst Chris Turner notes.Fxstreet
Wed, Aug 20
Taiwan's July export orders rise for 6th month, warns on global trade risks
Export orders +15.2% y/y vs +15.0% Reuters poll forecastOrders from China +3.6% y/y vs +15% in prior monthMinistry sees August orders between +10.5% and +14.5% y/yMinistry cautious about outlook on US trade policySees support in momentum of orders TAIPEI, Aug 20 (Reuters) - Taiwan's export order...Reuters
Wed, Aug 20
