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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
German industrial output lowest since pandemic, exports exceed forecasts
Aug 7 (Reuters) - Germany's industrial output fell in June to its lowest level since the pandemic in 2020, extending last year's declines amid weakening foreign demand and increasing competition from China, while exports rose more than expected, data showed on Thursday.Reuters
Thu, Aug 7
SCENARIOS-India-US tariff standoff: What are New Delhi's options and risks?
NEW DELHI, Aug 7 (Reuters) - India is likely to be among the countries worst hit by U.S. President Donald Trump's trade offensive, with tariffs on Indian imports set to surge to 50% if a deal is not struck in three weeks.Below are various options for India to deal with the crisis. NEGOTIATE ...Reuters
Thu, Aug 7
REFILE-POLL-Chinese bank lending likely plunged in July as seasonal factors outweigh policy support
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNMSM2%3DECI money supply poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNNYL%3DECI new loans poll dataNew loans seen at 300 bln yuan in July vs 2.24 trln yuan in JuneM2 growth seen at 8.2%...Reuters
Thu, Aug 7
