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RUB: Fundamentals turning weaker – Commerzbank
While US intermediation to end Russia’s war with Ukraine have kept hitting a dead end, there is a noticeable downturn taking hold in the Russian economy for the first time since sanctions were imposed, Commerzbank's FX analyst Tatha Ghose notes.Fxstreet
Thu, Aug 7
EXCLUSIVE-Angola gets back $200 million collateral from JPMorgan after bond rebound
Refund was executed after a recovery in collateral bond priceJPMorgan invoked $200 million margin call in early April The drop in price of bond was sparked by U.S. tariffs turmoilBy Miguel Gomes and Duncan Miriri LUANDA, Aug 7 (Reuters) - Angola got back $200 million of collateral in May that it ...Reuters
Thu, Aug 7
ANALYSIS-Trump may look like he's winning the trade war, but hurdles remain
Higher tariff rates due to take effect on ThursdayTrump has framework deals with eight countriesEconomists say US showing strain of higher dutiesBy Andrea Shalal WASHINGTON, Aug 7 (Reuters) - At a glance, U.S. President Donald Trump appears to be winning the trade war he unleashed after returning...Reuters
Thu, Aug 7
Stressed US low-income shoppers hunt for smaller packs, restaurant meals under $5
Lower-income households cut spending on essentials amid inflation and tariff concernsCompanies face shrinking margins as price hikes fail to boost salesFast-food chains offer cheaper menu items to attract budget-conscious consumersBy Juveria Tabassum and Jessica DiNapoli August 7 (Reuters) - Lowe...Reuters
Thu, Aug 7
Kremlin: Trump-Putin Summit could take place in the ‘coming days’
The Kremlin said in a statement on Thursday, “at the suggestion of the American side, an agreement has been reached in principle to hold a bilateral summit in the coming days" between Russian President Vladimir Putin and his US counterpart Donald Trump.Fxstreet
Thu, Aug 7
USD: Things moving fast on tariffs, geopolitics and Fed – ING
Developments this week are unfolding rapidly across three key areas: tariffs, geopolitics, and the Federal Reserve. The first two are somewhat interconnected when it comes to India, which has faced a tariff hike to 50% in response to its economic ties with Russia.Fxstreet
Thu, Aug 7
Vietnam expects more talks with US to finalise trade deal
HANOI, Aug 7 (Reuters) - Vietnam will continue talks with the United States to finalise a trade agreement between the two countries, the Southeast Asian country's government said on Thursday, as U.S. President Donald Trump's new tariffs took effect. The agreement reached last month reduces U...Reuters
Thu, Aug 7
USD/CAD remains below 1.3750 due dovish Fedspeaks, US Initial Jobless Claims eyed
USD/CAD extends its losing streak for the fifth successive day, trading around 1.3740 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) extends its gains ahead of the US weekly Initial Jobless Claims release due later in the North American session.
Fxstreet
Thu, Aug 7
Japan cuts growth forecast on US tariffs drag, weaker consumption
By Makiko Yamazaki TOKYO, Aug 7 (Reuters) - Japan's government cut its growth forecast for this fiscal year on Thursday as U.S. tariffs slow capital expenditure and persistent inflation weighs on private consumption, threatening a fragile economic recovery.In revised estimates presented at a ...Reuters
Thu, Aug 7
