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FOREX-Dollar pares earlier drop as Trump denies plans to fire Fed's Powell
Trump denies media reports he will fire Fed Chair PowellProducer prices unchanged in JuneTraders price in rising odds of rate hikes this yearBy Karen Brettell NEW YORK, July 16 (Reuters) - The U.S. dollar pared a sharp earlier drop on Wednesday after U.S. President Donald Trump denied news report...Reuters
Wed, Jul 16
USD/JPY retreats as Trump-Powell tensions cap gains
The Japanese Yen (JPY) is attempting to recover a portion of recent losses against the US Dollar (USD) on Wednesday expectations that US President Donald Trump would fire Federal Reserve (Fed) Chair Jerome Powell heated up and then died down.
Fxstreet
Wed, Jul 16
CANADA FX DEBT-Canadian dollar rebounds as Fed leadership speculation hits greenback
Canadian dollar gains 0.2% against the greenbackTouches its weakest since June 27 at 1.3755Bond yields trade mixed across a steeper curveBy Fergal Smith TORONTO, July 16 (Reuters) - The Canadian dollar recovered on Wednesday from a near three-week low as media reports that U.S. President Donald T...Reuters
Wed, Jul 16
Brazil urges trade talks with U.S. after Trump tariff hike
BRASILIA/SAO PAULO, July 16 (Reuters) - Brazil on Wednesday urged the U.S. to respond to a trade proposal submitted in May, reaffirming its openness to a "mutually acceptable" deal after U.S. President Donald Trump announced a 50% tariff on Brazilian goods starting in August.In a joint state...Reuters
Wed, Jul 16
EUR/USD gains ground after Trump hints at firing Fed Chair Powell
The Euro jumps against the US Dollar on Wednesday, with EUR/USD surging to 1.1721 after reports emerged that US President Donald Trump asked a group of House Republicans whether he should fire Federal Reserve (Fed) Chair Jerome Powell.
Fxstreet
Wed, Jul 16
FOREX-Dollar pares earlier drop as Trump denies plans to fire Fed's Powell
By Karen Brettell NEW YORK, July 16 (Reuters) - The U.S. dollar tumbled on Wednesday on news reports that U.S. President Donald Trump is planning to fire Federal Reserve Chair Jerome Powell, but pared the drop after Trump denied the plans. Trump said that he is not planning on doing a...Reuters
Wed, Jul 16
INSTANT VIEW-Dollar, Treasury prices tumble after report Trump to fire Fed's Powell
LONDON/NEW YORK, July 16 (Reuters - The dollar fell sharply on Wednesday after Bloomberg, citing an unidentified White House official, reported U.S. President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon.The dollar fell by as much as 0.7% =USD against a basket of major cur...Reuters
Wed, Jul 16
Brazil says it remains ready to engage in dialogue with the US on tariffs
BRASILIA, July 16 (Reuters) - Brazil's government said on Wednesday it had sent a letter to U.S. authorities expressing its "indignation" over their decision to impose a 50% import tariff on all Brazilian exports, effective August 1. In a joint statement from the Foreign Affairs Ministry...Reuters
Wed, Jul 16
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal
The GBP/USD reverses its course and rallies as the latest US Producer Price Index (PPI) reignites hopes of a rate cut by the Fed, while headlines suggest that Trump could fire Fed Chair Powell. At the same time, inflation on the consumer side in the UK surprised investors, exceeding forecasts.
Fxstreet
Wed, Jul 16
FOREX-Dollar gains on euro as traders bet on less dovish Fed
Producer prices unchanged in JuneTraders price in 44 bps of Fed cuts by year-endInvestors in Japanese assets on hold before electionsBy Karen Brettell NEW YORK, July 16 (Reuters) - The dollar gained against the euro on Wednesday as traders bet that the Federal Reserve may be less likely to cut ra...Reuters
Wed, Jul 16
Russian rouble weakens slightly vs US dollar, flat against China's yuan
MOSCOW, July 16 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Wednesday, tracking lower prices for oil, Russia's main export commodity, but was stable against China's yuan. As of 1410 GMT, the rouble RUB= was 0.4% weaker at 78.35 per U.S. dollar, according to LS...Reuters
Wed, Jul 16
Brazil says US opened trade probe because of 'weak' case for tariffs
SAO PAULO, July 16 (Reuters) - Brazil's government believes that the United States launched a probe into alleged "unfair" Brazilian trade practices because its initial case for imposing a 50% trade tariff is weak, Solicitor General Jorge Messias said on Wednesday.Reuters
Wed, Jul 16
Egypt says it expects combined IMF review to be completed by October
Egypt expects combined IMF review to be done by OctoberFinance minister says there is progress with privatisations More major foreign investment plans in the worksBy Libby George LONDON, July 16 (Reuters) - Egypt's Finance Minister Ahmed Kouchouk said on Wednesday he was confident the country...Reuters
Wed, Jul 16
Silver Price Forecast: Softer PPI data underpins XAG/USD, bullish momentum persists
Silver (XAG/USD) is holding firm near the $38.00 level on Wednesday, drawing support after US Producer Price Index (PPI) data for June came in softer than expected. At the time of writing, the metal is trading around $37.90 per ounce.
Fxstreet
Wed, Jul 16
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% lower at C$1.3724 to the greenback, or 72.87 U.S. cents, after trading in a range of 1.3707 to 1.3729.Canadian government 10-year bond yields CA10YT=RR ...Reuters
Wed, Jul 16
