Japanese Yen Dips, Investors Await Fed Minutes, Jackson Hole
The Japanese yen has posted gains in the Tuesday session, erasing the losses seen on Monday. In the North American session, USD/JPY is trading at 110.41, up 0.32% on the day. In economic news, Japanese All Industries Activities is expected...
Dallas Fed president says three or four more rate hikes then ‘assess’ course ahead
The Federal Reserve could be nearing the end of its rate-hiking cycle as headwinds build up to economic growth, Dallas Fed President Robert Kaplan said Tuesday. As the central bank continues to normalize policy, Kaplan said there likely are three...
FOMC Meeting Minutes Eyed for Trade Concerns
The US Federal Reserve is scheduled to release the minutes from its latest policy meeting on Wednesday at 1800 GMT and while the central bank opened the path for further rate increases this year, giving a strong assessment on the...
China central bank official rebuts Trump’s claim it is manipulating the yuan
A senior official of China’s central bank told a briefing on Tuesday that the yuan’s exchange rate is set by the market, rebutting President Donald Trump’s claim a day earlier that the country was manipulating its currency. China is not...
Saudi Arabia is stumbling in its effort to build a global financial center
While it’s working hard to diversify and modernize its economy, Saudi Arabia is stumbling in its effort to establish a financial center in the kingdom. Emblematic of the problem is the fact that Riyadh’s King Abdullah Financial District, begun a...
Dollar Stabilizes Mildly as Selling Focus Turns to Yen
Dollar and Yen are pressured by all other major currencies throughout the day. The greenback continues to be weighed down by Trump’s attack on Fed, and Jerome Powell personally, regarding rate hikes. Nonetheless, the greenback is showing a little sign...
Dollar Index Under Pressure After Trump’s Fed Criticism
Here are the latest developments in global markets: FOREX: The dollar index continued to trade lower early in the European session, weighed by comments made by the US President late on Tuesday who said that he is “not thrilled” about...
USD/CAD – Canadian Dollar Gains Continue, Wholesales Sales Next
The Canadian dollar has posted small gains in the Tuesday session, continuing the trend seen on Monday. Currently, USD/CAD is trading at 1.3023, down 0.16% on the day. In economic news, Canada releases Wholesale Sales. There are no U.S events...
RBA Too Early to be Confident over Consumer Spending
The RBA minutes of the August meeting contained little news, in particular after release of the quarterly Statement of Monetary Policy two weeks ago and Governor Philip Lowe’s parliamentary testimony last week. The minutes reiterated confidence over domestic economic development,...
Dollar Sold Off on Trump’s Personal Attack on Fed Chair Powell
Dollar weakens broadly overnight on Trump’s attack on Fed’s policy. It started after Bloomberg reported that Trump lamented Fed chair Jerome Powell for not being the “cheap-money” chair he expected. Then Trump reiterated his comments that he’s “not thrilled” with...
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