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Brazil's Lula says proposal to regulate social media platforms is ready
BRASILIA, Aug 12 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday that a proposal to regulate social media platforms in the country is ready and will be sent to Congress.In an interview with news outlet BandNews, Lula said the proposal will be on his desk on Wednesday aftern...Reuters
Tue, Aug 12
AUD/USD posts modest losses to below 0.6550 as RBA delivers dovish cut
The AUD/USD pair trades with mild losses near 0.6530 during the early Asian session on Wednesday. The Australian Dollar (AUD) edges lower against the Greenback after the Reserve Bank of Australia (RBA) delivered a dovish rate cut at its August meeting.
Fxstreet
Tue, Aug 12
Brazil to provide $5.6 billion to help exporters navigate US tariffs
BRASILIA, Aug 12 (Reuters) - Brazil's President Luiz Inacio Lula da Silva on Tuesday said his government would provide 30 billion reais ($5.55 billion) in credit as part of a plan to support companies that export goods and are affected by steeper tariffs imposed from Washington.In an interview w...Reuters
Tue, Aug 12
Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse
Kwon pleads guilty to conspiracy to defraud and wire fraudTerraform Labs founder accused of misleading crypto investors South Korean entrepreneur faces up to 25 years in prison By Luc Cohen NEW YORK, Aug 12 (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital c...Reuters
Tue, Aug 12
EUR/USD rises towards 1.1700 on soft US CPI, Fed rate-cut bets increase
The EUR/USD rises during the North American session, following the release of mixed inflation figures in the United States (US) and US President Donald Trump’s threats to sue the Fed Chair Jerome Powell. At the time of writing, the pair edges up 0.50% at 1.1673.
Fxstreet
Tue, Aug 12
Brazil's Lula says proposal to regulate social media platforms is ready
BRASILIA, Aug 12 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday that a proposal to regulate social media platforms in the country is ready and will be sent to Congress.In an interview with news outlet BandNews, Lula said the proposal will be on his desk on Wednesday aftern...Reuters
Tue, Aug 12
Brazil to unveil US tariff mitigation plan on Wednesday, minister says
BRASILIA, Aug 12 (Reuters) - Brazil's government will announce a highly awaited contingency plan with measures to mitigate the effects of the tariffs imposed by the United States on its imports of Brazilian goods on Wednesday, the nation's finance minister said on Tuesday.Finance Minister Fe...Reuters
Tue, Aug 12
FOREX-Dollar slips as US inflation data backs September rate cut
US consumer prices increase moderately in JulyDollar erases early gains to trade lower against euro, yenFormer Fed bank president Bullard says he'd accept Fed chair job if offered Weaker USD helps Aussie rebound after hit from widely expected RBA rate cutSterling supported by British jobs data B...Reuters
Tue, Aug 12
Forex Today: Focus shifts to German inflation and Fedspeak
The US Dollar (USD) resumed its decline on turnaround Tuesday, leaving behind two daily advances in a row as investors assessed the latest CPI readings amid speculation of two interest rate cuts by the Fed in the latter half of the year.Fxstreet
Tue, Aug 12
AUD/USD rebounds above 0.6500 as RBA rate cut overshadowed by USD weakness
The Australian Dollar (AUD) recovers ground against the US Dollar (USD) on Tuesday, with the Reserve Bank of Australia's (RBA) interest rate cut decision overshadowed by broad Greenback softness following mixed US Consumer Price Index (CPI) figures.Fxstreet
Tue, Aug 12
EUR/GBP muted as UK labor market steadies and EU economic sentiment weakens
The EUR/GBP stays flat during the North American session, as economic data in the UK initially pushed the pair lower, even though the European Union (EU) ZEW survey showed a deterioration in the bloc. The cross-pair trades at around 0.8644, muted.
Fxstreet
Tue, Aug 12
CANADA FX DEBT-Canadian dollar rebounds from one-week low after U.S. inflation report
Canadian dollar gains 0.2% against the greenbackTouches its weakest since August 5 at 1.3806Price of oil decreases 1%Bond yields rise across a steeper curveBy Fergal Smith TORONTO, Aug 12 (Reuters) - The Canadian dollar recovered on Tuesday from an earlier one-week low against its U.S. counterpar...Reuters
Tue, Aug 12
Miran calls Fed independence 'paramount' but declines to elaborate - CNBC
Miran has advocated for increased presidential control of Fed BoardMiran to replace Fed Governor Adriana Kugler if confirmedMiran dismisses tariffs as cause of significant inflation Aug 12 (Reuters) - President Donald Trump's nominee to the Federal Reserve Board of Governors on Tuesday said t...Reuters
Tue, Aug 12
Do Kwon to plead guilty to US conspiracy, fraud charges in $40 billion crypto collapse
By Luc Cohen NEW YORK, Aug 12 (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, is planning to plead guilty on Tuesday to two charges of conspiracy to defraud and wire fraud, a judge said at a U.S. cour...Reuters
Tue, Aug 12
Miran calls Fed independence 'paramount' but declines to elaborate - CNBC
Aug 12 (Reuters) - President Donald Trump's nominee to the Federal Reserve Board of Governors on Tuesday said the U.S. central bank's independence was 'of paramount importance' but declined to elaborate further, citing his coming approval process in the Senate."I've always be...Reuters
Tue, Aug 12
FOREX-Dollar eases as US inflation data keeps September rate cut on table
US consumer prices increase moderately in JulyDollar erases early gains to trade modestly lower against euroFormer Fed bank president Bullard says he'd accept Fed Chair job if offered Aussie dips after widely expected RBA rate cutSterling supported by British jobs data By Saqib Iqbal Ahmed NE...Reuters
Tue, Aug 12
Circle CEO Says There Are Opportunities For M&A But Bar Will Be High - Conference Call
Aug 12 (Reuters) - Circle Internet Group CRCL.N:CIRCLE CEO JEREMY ALLAIRE SAYS GENIUS ACT WILL DRIVE MUCH BROADER USE OF STABLECOINS IN PAYMENTS - CONF CALLCIRCLE CEO SAYS COMPANY SEES OPPORTUNITIES TO DO M&A, BUT BAR IS HIGHCIRCLE CEO SAYS CONTINUE TO SEE DEMAND FOR STABLECOIN IN REMITTANCE TRA...Reuters
Tue, Aug 12
