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USD/JPY consolidates near 147.90 as Fed’s Cook vows to stay
The US Dollar is regaining lost ground across the board amid a new twist in the Federal Reserve saga, as Governour Lisa Cook dismissed Trump’s call to resign and committed to carry on with her duties at the Central Bank.
Fxstreet
5 minutes ago
Light hedging leaves Indian importers vulnerable to U.S. tariffs fallout
MUMBAI, Aug 26 (Reuters) - With punitive U.S. tariffs about to take effect on Wednesday, most Indian companies remain light on hedges, data from a clearing house shows, increasing their exposure to rupee fluctuations.Reuters
35 minutes ago
Iron ore subdued as Trump's tariff threats fuel demand concerns
By Amy Lv and Lewis Jackson BEIJING, Aug 26 (Reuters) - Iron ore futures prices were subdued on Tuesday, as fresh tariff threats from U.S. President Donald Trump fuelled concerns about demand prospects.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv...Reuters
56 minutes ago
FOREX-Dollar jolted lower after Trump fires Fed's Cook
SINGAPORE, Aug 26 (Reuters) - The dollar skidded in a volatile session on Tuesday after U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook from her position, seen by markets as a fresh jab at the central bank's independence.Reuters
2 hours ago
COLUMN-Dollar turn emboldens dogged wariness of Wall Street: Mike Dolan
By Mike DolanLONDON, Aug 26 (Reuters) - So-called value investors have had a brutal decade avoiding what they see as overvalued but outperforming U.S. stocks - and missing the boat. But aside from the handful of high-flying Wall Street megacaps, some insist dollar strength did much of the heavy lift...Reuters
2 hours ago
EUR/GBP gains ground to near 0.8650 ahead of BoE's Mann speech
The EUR/GBP cross gains momentum to near 0.8645 during the early European session on Tuesday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as the European Central Bank (ECB) signals a pause in monetary easing. The Bank of England (BoE) Catherine Mann is set to speak later on Tuesday.
Fxstreet
2 hours ago
USD/CAD trades cautiously around 1.3850 as Trump fires Fed’s Cook
The USD/CAD pair trades with caution around 1.3850 against the US Dollar (USD) on Tuesday. The Loonie pair faces slight selling pressure as United States (US) President Donald Trump has fired Federal Reserve (Fed) Governor Lisa Cook over mortgage allegations.
Fxstreet
3 hours ago
GBP/USD Price Forecast: Bullish outlook remains in play near 1.3450
The GBP/USD pair edges lower to near 1.3450 during the early European session on Tuesday. The potential downside for the major pair might be limited after US President Donald Trump announced he was firing a Federal Reserve (Fed) Governor, Lisa Cook.
Fxstreet
4 hours ago
Australia, NZ dollars caught in cross currents as Trump causes waves
By Wayne Cole SYDNEY, Aug 26 (Reuters) - The Australian and New Zealand dollars were left hesitant on Tuesday as a looming threat to the independence of the U.S. Federal Reserve unsettled the greenback, overshadowing a dovish update on domestic interest rates.Markets were taken by surprise when P...Reuters
4 hours ago
China's yuan steady on strong fix
SHANGHAI, Aug 26 (Reuters) - China's yuan held steady against the U.S. dollar on Tuesday, near a 1-month high, as the country's central bank kept a strong daily fix to ensure stability. Also helping the yuan was a slightly weaker dollar, after U.S. President Donald Trump said he was removing...Reuters
4 hours ago
Kyrgyzstan's central bank keeps policy interest rate at 9.25%
Aug 26 (Reuters) - Kyrgyzstan's central bank on Tuesday maintained its benchmark interest rate at 9.25%, saying the decision was aimed at preserving price stability and fostering macroeconomic resilience."At present, external uncertainty remains elevated due to ongoing geopolitical tensions ...Reuters
4 hours ago
India Morning Newsletter, August 26
(India Morning Newsletter will not be published on Wednesday, August 27, on account of the Ganesh Chaturthi holiday)To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at:https://solutions.lseg.com/MNCIndia-Subscription...Reuters
5 hours ago
Iron ore subdued as Trump's tariff threats fuel demand concerns
BEIJING, Aug 26 (Reuters) - Iron ore futures prices were subdued on Tuesday, as fresh tariff threats from U.S. President Donald Trump fuelled concerns about demand prospects.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 was little changed at 782.5 ...Reuters
6 hours ago
Japan remains alarmed over forex movement, finance minister says
TOKYO, Aug 26 (Reuters) - Japan remains alarmed over foreign exchange movement, Finance Minister Katsunobu Kato said on Tuesday, after the yen strengthened following U.S. President Donald Trump's announcement of the removal of a Federal Reserve governor.Asked about the removal of Lisa Cook from ...Reuters
6 hours ago
