News
Important Only
Bank of England's Bailey says UK has 'acute challenge' over weak growth
JACKSON HOLE, Wyoming, Aug 23 (Reuters) - Britain faces an "acute challenge" over its weak underlying economic growth and reduced labour force participation since the COVID-19 pandemic, Bank of England Governor Andrew Bailey said on Saturday.Speaking at an annual conference in Wyoming organi...Reuters
2 hours ago
RPT-ECB rate cut talk may resume after September pause, sources say
By Francesco Canepa JACKSON HOLE, Wyoming, Aug 23 (Reuters) - The European Central Bank is likely to keep interest rates on hold next month but discussions about further cuts may well resume in the autumn if the economy weakens, five sources told Reuters.ECB President Christine Lagarde said in Ju...Reuters
8 hours ago
Bolsonaro's defense says drafted asylum request not evidence of flight risk
BRASILIA/SAO PAULO, Aug 22 (Reuters) - Lawyers for former Brazilian President Jair Bolsonaro told the Supreme Court on Friday that the draft of a request for asylum in Argentina found on his phone by police cannot be considered an indication of flight risk, since it was dated last year."The fact...Reuters
22 hours ago
Bolsonaro's defense says drafted asylum request not evidence of flight risk
BRASILIA/SAO PAULO, Aug 22 (Reuters) - Lawyers for former Brazilian President Jair Bolsonaro told the Supreme Court on Friday that the draft of a request for asylum in Argentina found on his phone by police cannot be considered an indication of flight risk, since it was dated last year.In the docume...Reuters
23 hours ago
EUR/USD surges above 1.17 as Powell hints at September Fed cut
EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%.
Fxstreet
Fri, Aug 22
Fitch affirms US credit at 'AA+', rising debt a ratings constraint
Aug 22 (Reuters) - Fitch affirmed the U.S. credit rating at "AA+" on Friday, highlighting concerns over rising debt levels while also citing the country's large, high-income economy, and its financing flexibility due to the dollar's role as global reserve currency.High fiscal deficit...Reuters
Fri, Aug 22
Brazil unveils new $1.9 billion credit line for companies hit by US tariffs
BRASILIA, Aug 22 (Reuters) - Brazil's state development bank BNDES announced on Friday a fresh credit line of 10 billion reais ($1.85 billion) for companies affected by steep U.S. tariffs. The BNDES credit is divided in a line for general operating expenses and another for searching new markets,...Reuters
Fri, Aug 22
FOREX-Dollar tumbles as Powell signals possible September rate cut
Powell points to September rate cut but doesn't commitTraders now see 85% odds of Fed rate cut next monthLabor market likely to drive Fed policy going forwardBy Karen Brettell NEW YORK, Aug 22 (Reuters) - The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed t...Reuters
Fri, Aug 22
CANADA FX DEBT-Canadian dollar rallies the most in three months as Fed's Powell turns more dovish
Canadian dollar gains 0.7% against the greenbackFor the week, the currency was barely changedRetail sales increase 1.5% in JuneBond yields fall across the curveBy Fergal Smith TORONTO, Aug 22 (Reuters) - The Canadian dollar recouped all of its weekly decline against the U.S. dollar on Friday as F...Reuters
Fri, Aug 22
FOREX-Dollar drops as Powell signals possible September rate cut
Powell points to September rate cut but doesn't commitTraders now see 89% odds of Fed rate cut next monthLabor market likely to drive Fed policy going forwardBy Karen Brettell NEW YORK, Aug 22 (Reuters) - The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed t...Reuters
Fri, Aug 22
NZD/USD rebounds from four-month low as Powell’s Jackson Hole remarks sink US Dollar
The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on Friday, with NZD/USD rebounding from its lowest level since April 11 as traders reacted to Federal Reserve (Fed) Chair Jerome Powell’s cautious remarks at the Jackson Hole Economic Symposium.
Fxstreet
Fri, Aug 22
USD/CAD slides as Powell turns dovish, Canadian Retail Sales beat
The USD/CAD tumbles over 0.49% during the North American session as the Fed Chair Jerome Powell leans dovish and strong Canadian Retail Sales, boosted the Loonie. At the time of writing, the pair trades at 1.3835 after hitting a daily high of 1.3924.
Fxstreet
Fri, Aug 22
FOREX-Dollar drops as Powell signals possible September rate cut
Powell points to September rate cut but doesn't commitTraders now see 91% odds of Fed rate cut next monthLabor market likely to drive Fed policy going forwardBy Karen Brettell NEW YORK, Aug 22 (Reuters) - The dollar fell on Friday after Federal Reserve Chair Jerome Powell pointed to a possibl...Reuters
Fri, Aug 22
FOREX-Dollar drops as Powell points to possible September rate cut
NEW YORK, Aug 22 (Reuters) - The dollar fell on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to cutting interest rates. "While the labor market appears to be in balance, it is...Reuters
Fri, Aug 22
