News
Important Only
USD/CNH is likely to trade in a range between 7.1760 and 7.1900 – Scotiabank
US Dollar (USD) is likely to trade in a range between 7.1760 and 7.1900. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.Fxstreet
Fri, Aug 22
Morning News Call - Canada, August 22
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Retail Sale...Reuters
Fri, Aug 22
Foreign official holdings of Treasuries hit 2024 low – ING
US Treasuries held in custody at the Fed for foreign institutions have fallen to their lowest levels this year, down $100bn since April. While structural demand supports the Treasury market, ongoing foreign central bank selling may weigh on the US Dollar (USD), ING's FX analyst Chris Turner notes.Fxstreet
Fri, Aug 22
U.S. sectors in spotlight ahead of Fed's Jackson Hole gathering
Wall St. sights trained on Jackson Hole for rate cut signsSmall-caps, homebuilders may drop if Fed sends hawkish signalsPicture for banks complicated by deposit costs, Treasury yieldsBy Shashwat Chauhan and Johann M Cherian Aug 22 (Reuters) - Wall Street will search for confirmation of a Septembe...Reuters
Fri, Aug 22
With the White House watching, Fed's Powell to hint yes or no on rate cuts
Powell speaks at 10 a.m. EDTChair faces conflicting data and a conflict with TrumpPressure now focused on Cook as wellBy Howard Schneider JACKSON HOLE, Wyoming, Aug 22 (Reuters) - U.S. Federal Reserve Chair Jerome Powell's speech to the annual Jackson Hole economic conference on Friday comes ...Reuters
Fri, Aug 22
German finance minister urges cuts to plug 30-billion-euro gap in 2027 budget
BERLIN, Aug 22 (Reuters) - Germany's Finance Minister Lars Klingbeil urged ministries to draw up substantial savings plans to help plug a budget gap of more than 30 billion euros ($34.80 billion) in 2027, according to a letter seen by Reuters on Friday .The German cabinet approved in July a 2026...Reuters
Fri, Aug 22
Japan’s Long-Term Bond Yields Surge in Panic-Like Move — Sticky Inflation, Fiscal Fears, and Overseas Buyers Pull Back
TradingKey - After a weak auction of 20-year Japanese government bonds (JGBs) on Tuesday, August 19, concerns over a potential resurgence of the “Japan bond market storm” have intensified.
TradingKey
Fri, Aug 22
German economy minister says Q2 slump shows 'urgent need for action'
BERLIN, Aug 22 (Reuters) - German Economy Minister Katherina Reiche called urgently for economic reforms on Friday after the federal statistics office reported a stronger-than-expected slump in gross domestic product in the second quarter."The figures illustrate the urgent need for action," ...Reuters
Fri, Aug 22
German economy shrank 0.3% in second quarter as US tariffs slowed exports
German GDP contracts 0.3% in Q2, revised from 0.1%US demand slowed after strong Q1 in anticipation of tariffsIndustrial production performed worse than initially assumedBy Maria Martinez BERLIN, Aug 22 (Reuters) - Germany's economy shrank by 0.3% in the second quarter compared with the first ...Reuters
Fri, Aug 22
Japan's 30-year yields hit all-time high ahead of Powell speech
By Kevin Buckland TOKYO, Aug 22 (Reuters) - Japanese 30-year government bond yields climbed to a fresh all-time peak on Friday, tracking a rise in U.S. Treasury yields as investors braced for a speech by Federal Reserve Chair Jerome Powell at the U.S. central bank's Jackson Hole symposium.The...Reuters
Fri, Aug 22
China's imports of US rare earth ore surge in July
By Amy Lv and Ernest Scheyder BEIJING/HOUSTON Aug 22 (Reuters) - The sharp jump in China's imports of rare earth ore from the United States in July was probably the final customs accounting of shipments from U.S. supplier MP Materials MP.N.Data on Wednesday from the General Administration of ...Reuters
Fri, Aug 22
CORRECTED-Japan's 10-year yields hit 17-year peak ahead of Powell speech
By Kevin Buckland TOKYO, Aug 22 (Reuters) - Japanese 10-year government bond yields climbed to a fresh 17-year peak on Friday, tracking a rise in U.S. Treasury yields as investors braced for a speech by Federal Reserve Chair Jerome Powell at the U.S. central bank's Jackson Hole symposium.The ...Reuters
Fri, Aug 22
PRESS DIGEST - Wall Street Journal - Aug 22
Aug 22 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Australia’s buy-now-pay-later provider Zip ZIP.AX eyes U.S. listing is response to interest from large U.S. investors seeking greater exposu...Reuters
Fri, Aug 22
US Dollar Index rises to near 99.00 on fading Fed rate cut odds, Powell’s speech awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.80 during the Asian hours on Friday.Fxstreet
Fri, Aug 22
