Asia FX ticks down amid Fed independence worries; Aussie firm after hot CPI

Asia FX ticks down amid Fed independence worries; Aussie firm after hot CPI
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Asia FX ticks down amid Fed independence worries; Aussie firm after hot CPI
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Is There a Chance the Fed Will Not Cut Interest Rates? Attention will now shift to Thursday’s FOMC decision where a 25bps rate cut is widely expected. So, the surprise would be no change by the Fed, which cannot be ruled out following the resounding win by President-elect Trump. What would you do…
Central banks, surprise data, and political twists drove wild moves this week—sending the U.S. dollar tumbling and other currencies scrambling for direction in fast-changing FX markets. Source link
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday August 13th and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets….
Samsung Electronics announced on Monday that it has secured a $16.5 billion contract to provide semiconductors to a major global company. Info via Reuters. More: for contract chip manufacturing details won’t be disclosed until end 2033 This article was written by Eamonn Sheridan at investinglive.com. Source link
Under-16s in England will be banned from buying energy drinks such as Red Bull and Monster because they fuel obesity, cause sleep problems and leave them unable to concentrate. Health experts, teaching unions and dentists welcomed the ban and said it would boost children and young people’s health. It fulfils a pledge Labour included in…
If you are googling how to fill a check out, you are already ahead of many people. Checks still exist, even in a world of online banking and cash apps. Some landlords, schools, or old school relatives still want a personal check. You might use one for monthly rent, a school fee, or some random…