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Disputes Emerge Over U.S.-Japan Trade Deal as Tokyo Slams “Last-Minute Add-Ons,” Trump Responds Firmly
TradingKey – Two weeks after the U.S. and Japan reached a trade agreement, disputes over key details have surfaced. On August 7, Japan’s chief negotiator Ryo Akazawa stated that the U.S. intends to impose a 15% tariff on Japanese goods in addition to existing dutiesTradingKey
Thu, Aug 7
MXN: Base effect in the headline rate, interest rate cuts likely to slow down – Commerzbank
Last week, Mexico once again reaped the benefits of the strong relationship between its president and the US president, resulting in a further 90-day postponement of higher reciprocal tariffs.
Fxstreet
Thu, Aug 7
USD/CNH: Expected to consolidate in a range of 7.1780/7.1980 – UOB Group
US Dollar (USD) is expected to consolidate in a range of 7.1780/7.1980. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 7
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
