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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
GBP/USD slides as Fed Governor Cook faces fraud allegations, UK inflation surges
GBP/USD tumbles during the North American session with traders shrugging off high inflation in the UK as the White House pressures Fed Governor Lisa Cook to step aside from the board. The pair trades at 1.3469, down 0.15%.
Fxstreet
Wed, Aug 20
EUR/USD steadies as Trump targets Fed’s Cook, markets await FOMC Minutes
The Euro (EUR) holds firm against the US Dollar (USD) on Wednesday, snapping a two-day losing streak, as the Greenback comes under pressure following renewed political tension surrounding the Federal Reserve (Fed).
Fxstreet
Wed, Aug 20
Lula, Macron discuss US tariffs, Mercosur-EU deal in phone call
SAO PAULO, Aug 20 (Reuters) - Brazilian President Luiz Inacio Lula da Silva spoke by phone on Wednesday with his French counterpart Emmanuel Macron, Brazil's government said in a statement, adding they discussed topics such as U.S. tariffs and the Mercosur-European Union trade deal.Lula voiced h...Reuters
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 resignTraders focused on whether Powell pushes back on easing betsNZ 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 on Fed...Reuters
Wed, Aug 20
CORRECTED-India rate panel says US tariffs key drag on growth, flags benign inflation outlook
MUMBAI, Aug 20 (Reuters) - India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign, minutes of the August meeting showed on Wednesday.The Reserve Bank ...Reuters
Wed, Aug 20
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0% higher at C$1.3857 to the greenback, or 72.17 U.S. cents, after trading in a range of 1.3854 to 1.3883.Canadian government 10-year bond yields CA10Y...Reuters
Wed, Aug 20
Kazakhstan national fund to invest up to $1 billion in US inflation-linked Treasuries
ALMATY, Aug 20 (Reuters) - Kazakhstan's National Fund, which accumulates excess profits from its oil industry, plans to invest up to $1 billion in U.S. Treasury Inflation-Protected Securities (TIPS), a spokesperson from the National Bank of Kazakhstan told Reuters on Wednesday. The central bank...Reuters
Wed, Aug 20
Trump calls on Fed Governor Cook to resign
WASHINGTON, Aug 20 (Reuters) - U.S. President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, citing a call by the head of the U.S. Federal Housing Finance Agency urging the Department of Justice to probe Cook over alleged mortgage fraud.Representatives for Cook cou...Reuters
Wed, Aug 20
Bit Mining Attempts To Rebrand As Solai To Reflect Strategic Shift Toward The Solana Ecosystem
Aug 20 (Reuters) - BIT Mining Ltd 50C0y.F:BIT MINING ATTEMPTS TO REBRAND AS SOLAI TO REFLECT STRATEGIC SHIFT TOWARD THE SOLANA ECOSYSTEMBIT MINING LTD - COMPANY TO CHANGE TICKER SYMBOL TO SLAIFurther company coverage: [50C0y.F]Reuters
Wed, Aug 20
FOREX-Dollar in holding pattern before Jackson Hole, kiwi drops on dovish RBNZ
Traders focused on whether Powell pushes back on easing betsMarkets lay 85% odds on a Fed rate reduction next monthNZ dollar at 4-month low as RBNZ flags further rate cutsBy Samuel Indyk and Kevin Buckland LONDON, Aug 20 (Reuters) - The U.S. dollar was little changed on Wednesday as traders await...Reuters
Wed, Aug 20
GBP is ignoring stronger than expected CPI as yield spreads support – Scotiabank
The Pound Sterling (GBP) is also entering Wednesday’s NA session unchanged against the US Dollar (USD), recovering from early Asian session losses on the back of a stronger than expected CPI release, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Aug 20
CAD slide on CPI looks overdone but technicals are weak – Scotiabank
The Canadian Dollar (CAD) started off yesterday’s session underperforming and continued to slide over the rest of the day following the release of softer than expected headline CPI for July, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Aug 20
USD/JPY: Likely to trade in a range between 147.35 and 148.20 – UOB Group
The current price movements in Japanese Yen (JPY) are likely part of a range-trading phase between 147.35 and 148.20. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Aug 20
