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NZD/USD weakens below 0.5850 on dovish RBNZ cut
The NZD/USD pair loses ground near 0.5815 during the early Asian session on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) delivered a rate cut and left the door open for further moves lower.
Fxstreet
Thu, Aug 21
China considering yuan-backed stablecoins to boost global currency usage, sources say
Aug 20 (Reuters) - China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.Reuters
Thu, Aug 21
USD/CAD holds steady above 1.3850 amid rising odds of BoC rate cut
The USD/CAD pair trades flat near 1.3870 during the early Asian session on Thursday. The Canadian Dollar (CAD) steadies against the US Dollar (USD) near an earlier three-month low as the latest Canadian inflation data raised odds that the Bank of Canada (BoC) would resume its easing campaign.
Fxstreet
Wed, Aug 20
Brazil police find evidence Bolsonaro considered Argentina asylum request
BRASILIA, Aug 20 (Reuters) - Brazilian federal police found a letter directed to Argentine President Javier Milei in which former Brazilian President Jair Bolsonaro requested political asylum, a Supreme Court document showed on Wednesday.The document did not clarify whether the letter was sent to th...Reuters
Wed, Aug 20
USD/JPY Price Forecast: Consolidates but falls below 50-day SMA
USD/JPY prints back-to-back bearish days during the week, down 0.17% on Wednesday as the Greenback sold off on fears that the Trump administration threatens the Federal Reserve’s independence. At the time of writing, the pair trades at 147.37 after hitting a daily high of 147.81.
Fxstreet
Wed, Aug 20
Canadian Dollar freezes in place as Loonie fails to bounce back
The Canadian Dollar (CAD) is struggling to find momentum heading through the midweek. The Loonie took a fresh hit after Canadian Consumer Price Index (CPI) inflation eased slightly, but otherwise gave no clear direction for the Bank of Canada (BoC) to operate with.Fxstreet
Wed, Aug 20
EUR/USD holds near 1.1660 as Fed Minutes clash with Trump’s pressure
EUR/USD advances steadily during the North American session as the Federal Reserve (Fed) unveils its latest Meeting Minutes. At the time of writing, the pair trades at around 1.1660 and clings to minimal gains of 0.13%.
Fxstreet
Wed, Aug 20
FOREX-Dollar falls as Trump calls on Fed's Cook to resign
Dollar falls as Trump calls on Fed's Cook to resignFed meeting minutes show only two policymakers supported rate cutNZ dollar at four-month low as RBNZ flags further rate cutsBy Karen Brettell NEW YORK, Aug 20 (Reuters) - The dollar fell on Wednesday after U.S. President Donald Trump called o...Reuters
Wed, Aug 20
CANADA FX DEBT-Canadian dollar steadies near a three-month low as investors take stock of recent moves
Loonie touches a three-month low at 1.3883Bond yields edge lower across the curveBy Fergal Smith TORONTO, Aug 20 (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Wednesday, with the currency holding near an earlier three-month low after it was pressured the previous day by...Reuters
Wed, Aug 20
Lula, Macron discuss US tariffs, Mercosur-EU deal in phone call
SAO PAULO/PARIS, Aug 20 (Reuters) - Brazilian President Luiz Inacio Lula da Silva spoke by phone on Wednesday with his French counterpart Emmanuel Macron and discussed U.S. tariffs and the Mercosur-European Union trade deal, Brazil's government said in a statement.Lula voiced his opposition to t...Reuters
Wed, Aug 20
Kenya in talks with China to convert dollar rail loan into yuan
NAIROBI, Aug 20 (Reuters) - Kenya is in talks with China to convert a dollar-denominated railway loan into Chinese yuan, an aide to the Finance Minister John Mbadi told Reuters on Wednesday. China is Kenya's biggest bilateral lender, and the country took on the debt to construct a $5 billion hig...Reuters
Wed, Aug 20
Kenya in talks with China to convert dollar rail loan into yuan
NAIROBI, Aug 20 (Reuters) - Kenya is in talks with China to convert a dollar-denominated railway loan into Chinese yuan, an aide to the finance minister told Reuters on Wednesday, confirming an earlier report by Bloomberg news. China is Kenya's biggest bilateral lender, and the country took on t...Reuters
Wed, Aug 20
