News
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Japan startup to issue first yen-pegged stablecoin
By Leika Kihara TOKYO, Aug 19 (Reuters) - Japanese startup JPYC said it will issue the first stablecoin pegged to the yen later in the year after receiving a licence this week.The stablecoin, which will be called "JPYC", will be fully convertible to the yen and backed by domestic savings ...Reuters
Tue, Aug 19
AUD/JPY dips below 96.00, geopolitical optimism limits downside
AUD/JPY offers its recent gains from the previous session, trading around 95.80 during the European hours on Tuesday. The currency cross depreciates as the Australian Dollar (AUD) remains subdued despite an improved Westpac Consumer Confidence.
Fxstreet
Tue, Aug 19
NZD/USD: RBNZ in focus tomorrow – OCBC
Consensus is for 25bp cut to bring OCR to 3%. Slowing growth, weaker labour market, easing inflationary pressure and falling consumer confidence suggest that a 25bp cut is a done deal. NZD was last at 0.5917 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Tue, Aug 19
FOREX-Dollar dithers as markets digest Ukraine summit, await Fed comments
Traders gauge promising signals toward ending Russia-Ukraine warFed's Jackson Hole symposium in focus for policy hintsOdds of Fed rate cut in September at 83%By Jaspreet Kalra and Gregor Stuart Hunter SINGAPORE, Aug 19 (Reuters) - The dollar slipped against major peers on Tuesday as marke...Reuters
Tue, Aug 19
FOREX-Dollar firms as markets digest Ukraine summit
By Gregor Stuart Hunter SINGAPORE, Aug 19 (Reuters) - The U.S. dollar made tepid gains against its major peers on Tuesday as global markets assessed the outcome of a White House summit with European nations that could determine the next phase of the war in Ukraine.The dollar index =USD rose 0.1% ...Reuters
Tue, Aug 19
GBP/USD softens to near 1.3500 as traders pare bets on Fed rate cut
The GBP/USD pair trades on a softer note near 1.3500 during the early European session on Tuesday. The US Dollar (USD) posts modest gains against the Pound Sterling (GBP) as traders pared bets on a rate cut at the US Federal Reserve (Fed) September 16-17 meeting.
Fxstreet
Tue, Aug 19
Japan must raise rates, get fiscal house in order, says veteran lawmaker Kono
BOJ must gradually raise rates, better to start early, Kono saysWeak yen a root cause of painful inflation, must be tackledJapan must reverse weak yen, seek somewhat stronger yenJapan needs new framework replacing 'Abenomics'By Leika Kihara and Takaya YamaguchiTOKYO, Aug 19 (Reuters) - Japan...Reuters
Tue, Aug 19
EUR/USD remains subdued near 1.1650, awaits Ukraine-Russia developments, EU economic data
EUR/USD remains subdued for the second successive session, trading around 1.1660 during the Asian hours on Tuesday. The pair struggles as the US Dollar receives support from positive signals toward a possible resolution of the Ukraine-Russia war, following the Trump-Zelenskyy summit on Tuesday.Fxstreet
Tue, Aug 19
Japanese Yen oscillates in range amid BoJ-Fed divergence and geopolitical optimism
The Japanese Yen (JPY) is seen oscillating in a range against its American counterpart during the Asian session on Tuesday amid mixed fundamental cues. The growing acceptance is that the Bank of Japan (BoJ) will stick to its policy normalization path and hike interest rates by the year-end.
Fxstreet
Tue, Aug 19
USD/INR holds positive ground on US–India trade fog
The Indian Rupee (INR) weakens on Tuesday amid persistent US–India trade tensions. US President Donald Trump said he would delay new tariffs on countries like China that continue purchasing Russian oil after talks with Russian President Vladimir Putin.Fxstreet
Tue, Aug 19
Australian Dollar remains subdued despite improved Westpac Consumer Confidence
The Australian Dollar (AUD) extends its losses for the second consecutive session on Tuesday. The AUD/USD pair depreciates despite an improved Westpac Consumer Confidence, which surged 5.7% in August to 98.5, following a 0.6% increase in July.
Fxstreet
Tue, Aug 19
