News
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UK Treasury says it respects motor finance ruling, will assess impact
LONDON, Aug 1 (Reuters) - Britain's finance ministry said on Friday it respected a Supreme Court ruling on car finance commissions which was likely to ease the fears of some banks about the extent of a redress scheme."We respect this judgment from the Supreme Court and we will now work with ...Reuters
Fri, Aug 1
EUR/GBP soars to 0.8710 as US jobs disappoint, BoE rate cut in focus
The EUR/GBP rallied sharply on Friday as the Bank of England's (BoE's) next week’s monetary policy decision looms, and a worse-than-expected Nonfarm Payrolls report in the United States (US), sparked talks about a possible “stagflation” scenario in the US.
Fxstreet
Fri, Aug 1
Analysts tick up Mexico end-2025 growth forecast
MEXICO CITY, Aug 1 (Reuters) - Private sector analysts polled by Mexico's central bank last month saw Mexico's economy growing slightly more in 2025 than they had forecast a month prior, according to the survey published on Friday.Analysts also expect Mexico's peso currency to close the ...Reuters
Fri, Aug 1
China's central bank sets up new financial stability committee
BEIJING, Aug 1 (Reuters) - China's central bank has set up a macroprudential and financial stability committee to help defuse financial risks, it said on Friday, pledging to maintain accommodative policy. In its mid-year work summary, the People's Bank of China (PBOC) said it will focus on p...Reuters
Fri, Aug 1
FOREX-Dollar tumbles, traders price in more US rate cuts after weak jobs report
Dollar falls broadly against peers after weak US jobs reportSwiss franc, Canadian dollar earlier hit by country tariffs Bank of Japan signals no hurry to resume rate hikes By Karen Brettell NEW YORK, Aug 1 (Reuters) - The dollar fell broadly on Friday after data showed that U.S. employers added f...Reuters
Fri, Aug 1
Canadian Dollar rebounds as dismal NFP data weighs on USD
The Canadian Dollar (CAD) erased a portion of its weekly losses against the US Dollar (USD) on Friday following the disappointing July employment report from the US. At the time of press, the USD/CAD pair was trading at 1.3795, losing about 0.5% on a daily basis.
Fxstreet
Fri, Aug 1
Marfrig Sees No Revenue, Profitability Impact From New US Tariff Policy
Aug 1 (Reuters) - Marfrig Global Foods SA MRFG3.SA:MARFRIG: SEES NO IMPACT ON THE COMPANY'S REVENUE AND PROFITABILITY RESULTING FROM THE EFFECTS OF THE NEW U.S. TARIFF POLICY - STATEMENTMARFRIG: OPERATIONS IN BRAZIL CONTINUE NORMALLY, WITHOUT DISRUPTIONS TO PRODUCTION LINES AND AT FULL CAPACITYM...Reuters
Fri, Aug 1
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.4% higher at C$1.3793 to the greenback, or 72.5 U.S. cents, after trading in a range of 1.3786 to 1.3879.Canadian government 10-year bond yields CA10YT=...Reuters
Fri, Aug 1
FOREX-Dollar drops as employers add fewer jobs than expected in July
By Karen Brettell NEW YORK, Aug 1 (Reuters) - The dollar fell broadly on Friday after data showed that employers added fewer jobs in July than economists had expected, while the unemployment rate moved higher in line with expectations.Employers added 73,000 jobs last month, below the 100,000 expe...Reuters
Fri, Aug 1
Brazil fine-tuning plan to help companies deal with US tariffs
SAO PAULO, Aug 1 (Reuters) - Brazil's government expects to announce next week the first measures of a contingency plan it has been preparing to help businesses to cope with the 50% tariff announced by U.S. President Donald Trump on several goods from that country.Finance Minister Fernando Hadda...Reuters
Fri, Aug 1
JPY outperforming as haven demand returns following hiatus – Scotiabank
The Japanese Yen (JPY) is up a modest 0.2% against the US Dollar (USD) but outperforming all of the G10 currencies in classic risk off trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Fri, Aug 1
