News
Important Only
Swiss president flies to U.S. to win reprieve from Trump's tariffs
Swiss leaders aim to improve tariff situationUnclear who they will meet in Trump administrationTrump says he is concerned about trade deficit with SwitzerlandEconomists say tariffs would be a shock for Swiss economyBy John Revill ZURICH, Aug 5 (Reuters) - Swiss President Karin Keller-Sutter and B...Reuters
Tue, Aug 5
US services activity flatlined in July, ISM data shows
ISM nonmanufacturing PMI slipped to 50.1, below expectationsTrump's tariffs raise average US tariff rate to highest since 1934Fed governors dissent, citing job market risks over inflationBy Dan Burns Aug 5 (Reuters) - U.S. services sector activity unexpectedly flatlined in July with little ch...Reuters
Tue, Aug 5
US trade deficit narrows to $60.2 bln in June
By Dan BurnsAug 5 (Reuters) - The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.The overall trade gap narrowed 16.0% in June to $60.2 billio...Reuters
Tue, Aug 5
US President Trump: We are getting very close to a deal with China
In an interview with CNBC on Tuesday, United States (US) President Donald Trump said that they are getting very close to reaching a trade deal with China and reiterated that the tariff rate on Indian imports will be raised soon.Fxstreet
Tue, Aug 5
Trump will announce Fed appointments soon; Bessent wants to stay at Treasury
WASHINGTON, Aug 5 (Reuters) - U.S. President Donald Trump on Tuesday said he would announce decisions soon on a short-term replacement for Federal Reserve Governor Adriana Kugler, who announced her resignation on Friday, as well as his pick for the next Fed chair.Trump said the White House was looki...Reuters
Tue, Aug 5
Elon Musk's politics hit Tesla sales in Europe's biggest car markets
Tesla registrations drop nearly 60% in Britain in JulyFall more than 55% in GermanyOverall EV sales up 58% in Germany, up 9% in Britain in July Sales of China's BYD rose sharply in both markets Aug 5 (Reuters) - Tesla's TSLA.O new car registrations in Britain and Germany, Europe's big...Reuters
Tue, Aug 5
Hugo Boss confident it can cushion US tariff blow
Hugo Boss says it's less exposed than rivals to USQ2 EBIT up 15% to 81 million euros vs forecast 77 millionPlans to hike prices excluding ChinaShares up 0.5%By Linda Pasquini Aug 5 (Reuters) - Fashion group Hugo Boss BOSSn.DE beat quarterly profit expectations on Tuesday despite warning of we...Reuters
Tue, Aug 5
GBP little changed, outperforms mildly – Scotiabank
Pound Sterling (GBP) is little changed on the day but is a mild outperformer on the session as a result, with the pound relatively safe from the trade uncertainty that is overshadowing some of its peers still, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Aug 5
EUR/INR retreats from all-time highs around 102.00 ahead of RBI policy
The EUR/INR pair falls back to near 101.30 on Tuesday after revisiting an all-time high around 101.85 earlier in the day. The pair retreated as the Indian Rupee (INR) gained ground, following the Reserve Bank of India’s (RBI) intervention into currency markets.Fxstreet
Tue, Aug 5
