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Bank of Mexico signals smaller interest rate cuts on horizon
MEXICO CITY, July 10 (Reuters) - The Bank of Mexico's future rate decisions are likely to be smaller than its recent cuts, minutes from the bank's June monetary policy showed on Thursday. According to the minutes, the four board members who voted to cut the rate by 50 basis points in June - ...Reuters
Thu, Jul 10
Banxico minutes reveal moderate easing bias amid inflation uptick
Banco de Mexico (Banxico) revealed its last meeting minutes, in which the Mexican Central Bank cut rates by 50 basis points (bps) in a split vote of 4 to 1, with Deputy Governor Jonathan Heath wanting to keep rates unchanged as inflation edged up.
Fxstreet
Thu, Jul 10
US weekly jobless claims unexpectedly slip to 7-week low
Claims data show low layoffs, low hiring trendFed monitors tariffs' impact on inflation before rate cutsUnemployment duration increases, complicating job searchBy Ann Saphir, Dan Burns July 10 (Reuters) - The number of Americans filing new applications for jobless benefits unexpectedly fell t...Reuters
Thu, Jul 10
Fed's Musalem says could be end of year before clarity on tariff impact on inflation
WASHINGTON, July 10 (Reuters) - It could be the end of this year or early into 2026 before it is clear how much impact rising import tariffs will have on inflation, St. Louis Fed president Alberto Musalem said on Thursday, sketching out one of the reasons Fed policymakers are taking a wait-and-see a...Reuters
Thu, Jul 10
TREASURIES-US yields edge higher as jobless claims fall
Jobless claims unexpectedly fell last weekTreasury to auction $22 billion in 30-year bondsTraders continue to focus on tariff announcementsBy Karen Brettell July 10 (Reuters) - U.S. Treasury yields edged higher on Thursday after data showed that jobless claims unexpectedly fell last week and befo...Reuters
Thu, Jul 10
US weekly jobless claims fall unexpectedly in latest week
July 10 (Reuters) - The number of Americans filing new applications for jobless benefits unexpectedly fell last week, suggesting employers may be holding on to workers despite other indications of a cooling labor market. Initial claims for state unemployment benefits dropped 5,000 to a seasonally ad...Reuters
Thu, Jul 10
Defense equipment maker Byrna Technologies Q2 profit rises on higher sales
OverviewNet income for fiscal Q2 rises to $2.4 mln, reflecting increased product salesByrna fiscal Q2 revenue grows 41% yr/yr to $28.5 mln, driven by CL launchCompany expands retail presence, adds Tucker Carlson as celebrity influencerOutlookByrna expects subdued consumer sentiment to limit near-ter...Reuters
Thu, Jul 10
South Korea's trade minister says more time needed for tariff talks with US
Seoul, July 10 (Reuters) - South Korea's trade minister Yeo Han-koo said on Thursday that more time is needed for tariff talks with the United States, as the two countries are accelerating negotiations ahead of the newly-imposed August deadline. Yeo also said the United States expressed interest...Reuters
Thu, Jul 10
USD/CNH: Chance of edging lower and testing 7.1720 – UOB Group
Softening underlying tone may lead to US Dollar (USD) edging lower and testing 7.1720 against Chinese Yuan (CNH). In the longer run, increasing momentum suggests USD may rise, but it is too early to expect 7.2000 to come into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 10
