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Forex Today: Trade, Fed’s independence remains in the driver’s seat
The Greenback accelerated its decline on Tuesday, slipping back to two-week lows near 97.50 amid an improved sentiment around the risk complex despite unabated uncertainty on the trade front and further fireworks surrounding the Trump-Powell crisis.
Fxstreet
Tue, Jul 22
US became net exporter of crude to Nigeria for the first time, EIA says
By Kavya Balaraman July 22 (Reuters) - The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S. East Coast slowed due to refinery maintenance and the Dangote refinery drove up Nigeria's demand for inputs, the U.S. Energy Information Ad...Reuters
Tue, Jul 22
US considering no tax on capital gains on home sales, Trump says
WASHINGTON, July 22 (Reuters) - U.S. President Donald Trump said on Tuesday his administration is considering removing taxes on capital gains on home sales."If the Fed would lower the rates, we wouldn't even have to do that," Trump told reporters in the Oval Office. "But we are think...Reuters
Tue, Jul 22
TIMELINE-EU-China trade frictions
BEIJING, July 22 (Reuters) - Chinese and European Union leaders will meet in Beijing on Thursday for a summit marking 50 years of diplomatic ties. Here is a timeline of EU-China trade tensions in recent years. Mar 22, 2021 - The EU sanctions four Chinese officials over alleged human rights abuse...Reuters
Tue, Jul 22
Trump says Fed's Powell will be out soon
WASHINGTON, July 22 (Reuters) - U.S. Federal Reserve Chair Jerome Powell kept rates too high and will be out in eight months, President Donald Trump said at a news conference on Tuesday."I think he's done a bad job, but he's going to be out pretty soon," he said from a meeting at the...Reuters
Tue, Jul 22
Fed hawks and doves: what US central bankers are saying
By Ann Saphir July 22 (Reuters) - President Donald Trump's administration has ramped up its pressure on Federal Reserve Chair Jerome Powell ahead of the U.S. central bank's July 29-30 policy meeting, with White House officials reviewing an ongoing $2.5 billion renovation project for c...Reuters
Tue, Jul 22
TREASURIES-US government bonds trade in tight range after rally
NEW YORK, July 22 (Reuters) - U.S. Treasury yields were slightly lower on Tuesday, with the market taking a breather after Monday's rally, which was driven by technical demand and renewed investor worries over the economic impact of U.S. tariffs.Reuters
Tue, Jul 22
US Treasury Sec. Bessent: Nothing tells me Powell should step down right now
In an interview with Fox Business Network on Tuesday, United States (US) Treasury Secretary Scott Bessent said that Federal Reserve Chairman Jerome Powell's term end in May and added that there is nothing that tell him Powell should step down right now, per Reuters.Fxstreet
Tue, Jul 22
PRESS DIGEST-Canada - July 22
July 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILAdastra Group, an IT consultancy co-headquartered in Toronto and Prague, is selling a majority stake to U.S. private...Reuters
Tue, Jul 22
Fed's Bowman: Fed independence is very important with respect to monetary policy-CNBC
July 22 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is "very important.""It's very important ... that we maintain our independence with respect to monetary ...Reuters
Tue, Jul 22
Pultegroup beats quarterly revenue estimates as sales incentives hold up
July 22 (Reuters) - Homebuilder Pultegroup PHM.N on Tuesday posted second-quarter revenue above Wall Street estimates, helped by steady home sales resulting from buyer incentives, sending the company's shares up 1.7% before the bell.The sector is grappling with a weakening consumer sentiment, pr...Reuters
Tue, Jul 22
Morocco's annual inflation steady at 0.4% in June
RABAT, July 22 (Reuters) - Morocco's annual inflation, measured by the consumer price index, was 0.4% in June, the same as in the previous month, the North African country's statistics agency said on Tuesday.Core inflation, which excludes more volatile goods such as food, was 1.1% year-on-ye...Reuters
Tue, Jul 22
