News
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New BIS head stresses importance of central bank independence and accountability
By Marc Jones LONDON, Aug 26 (Reuters) - The new head of the Bank for International Settlements has used his first prominent speech to stress the need for central banks to focus on inflation and for their independence from politicians to be protected.Uncertainty around the world's most import...Reuters
15 minutes ago
FOREX-Dollar weakens as Trump's move to fire Fed governor spooks investors
Trump fires Governor Cook amid push for more influence at FedCook's removal highlights worries over Fed independenceEUR, GBP lead gains against U.S. dollarFrench bonds tumble as government faces collapseBy Laura Matthews and Jaspreet Kalra NEW YORK/MUMBAI, Aug 26 (Reuters) - The dollar weaken...Reuters
57 minutes ago
Bank of England's Mann sees case for 'persistent' hold of rates
By David Milliken LONDON, Aug 26 (Reuters) - Bank of England Monetary Policy Committee member Catherine Mann said on Tuesday that she saw a strong case to keep Bank Rate on hold for a prolonged period but stood ready to cut rates forcefully if downside risks to growth materialise.Mann voted again...Reuters
an hour ago
Bank of England's Mann sees case for 'persistent' hold of BoE rates
LONDON, Aug 26 (Reuters) - Bank of England Monetary Policy Committee member Catherine Mann said on Tuesday that she saw a case to keep Bank Rate on hold on a persistent basis but stood ready to cut rates forcefully if downside risks to growth materialise."A more persistent hold on Bank Rate is a...Reuters
2 hours ago
ANALYSIS-Mantra of central bank independence shaken by Trump moves on Fed
Independent central banks achieve lower inflationCredibility keeps investors, public on sidePast money-printing opens flank to criticism By Francesco Canepa FRANKFURT, Aug 26 (Reuters) - U.S. President Donald Trump's attacks on Federal Reserve policymakers are emerging as the biggest threat i...Reuters
2 hours ago
Gold Reserve's Frankfurt stock falls 5.5% after Elliott affiliate emerges as frontrunner for Citgo
Aug 26 (Reuters) - The Frankfurt-traded shares of Gold Reserve fell 5.5% on Tuesday following a U.S. court filing marking a rival bid by an affiliate of hedge fund Elliott Investment Management as superior to the mining company's offer for the parent of Venezuela-owned refiner Citgo Petroleum.Go...Reuters
2 hours ago
EUR/USD regains traction near 1.1650, focus stays on US docket
The Euro (EUR) is clawing back ground on Tuesday, with EUR/USD rebounding after Monday’s hiccup and edging toward the 1.1650 area. Continued upside could put a test for the monthly highs near 1.1740 (August 22) back on the radar.
Fxstreet
3 hours ago
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% higher at C$1.3844 to the greenback, or 72.23 U.S. cents, after trading in a range of 1.3841 to 1.3868.Canadian government 10-year bond yields CA10Y...Reuters
3 hours ago
Trump Media, Crypto.com Announce Strategic Partnership
Aug 26 (Reuters) - Trump Media & Technology Group Corp DJT.O:TRUMP MEDIA, CRYPTO.COM ANNOUNCE STRATEGIC PARTNERSHIPTRUMP MEDIA & TECHNOLOGY: WILL PURCHASE APPROXIMATELY $105 MILLION IN CROTRUMP MEDIA & TECHNOLOGY - CRYPTO.COM WILL PURCHASE $50 MILLION IN SHARES IN TRUMP MEDIATRUMP MEDIA ...Reuters
3 hours ago
FOREX-Dollar falls as Trump's move to fire Fed governor spooks investors
Trump fires Governor Cook amid push for more influence at FedCook's removal highlights worries over Fed independenceEUR, GBP lead gains against U.S. dollarFrench bonds tumble as government faces collapseBy Jaspreet Kalra MUMBAI, Aug 26 (Reuters) - The dollar stumbled against major currencies ...Reuters
3 hours ago
Brazil's current account deficit widens sharply in July
BRASILIA, Aug 26 (Reuters) - Brazil posted a wider-than-expected current account deficit in July, central bank data showed on Tuesday, further compounding a 12-month shortfall not covered by foreign direct investment (FDI), a sign of deteriorating external accounts.Latin America's largest econom...Reuters
4 hours ago
EUR/GBP Price Forecast: Euro reversal brings 0.8600 support area into focus
The Euro posted a significant reversal from the 0.8670 area on Monday, printing a bearish engulfing candle on the daily chart. This figure has strongly negative connotations and has shifted the pair’s focus towards the key support area around 0.8600.
Fxstreet
4 hours ago
Brazil posts wider-than-expected current account deficit in July
BRASILIA, Aug 26 (Reuters) - Brazil posted a current account deficit of $7.067 billion in July, central bank data showed on Tuesday, wider than the $5.6 billion shortfall expected in a Reuters poll of economists.Foreign direct investment for the month totaled $8.324 billion, exceeding the $5 billion...Reuters
4 hours ago
