EUR/USD
1.16418
-0.189%
Gold
3398.61
0.080%
Oil
62.928
-0.419%
USD/JPY
147.748
0.411%
GBP/USD
1.34496
0.051%
GBP/JPY
198.722
0.472%
Real-time News
On August 10, EU High Representative for Foreign Affairs and Security Policy Kallas stated in a media interview that any agreement between the United States and Russia to end the conflict between Ukraine and Ukraine must include Ukraine and the European Union. Kallas stated that any agreement between the United States and Russia must include Ukraine and the European Union, as it concerns the security of Ukraine and all of Europe. Kallas also announced that an emergency meeting of EU foreign ministers will be held on August 11 to discuss next steps.Azerbaijan said its energy cooperation with Ukraine would not be interrupted by the Russian attack.On August 10th, the carry trade saw a resurgence among emerging market investors, fueled by bets that the Federal Reserve will begin cutting interest rates next month, weakening the dollar and boosting interest in high-yielding currencies. Asset managers from Neuberger Berma to Aberdeen Group are increasing their exposure to currencies such as Brazil, South Africa, and Egypt. They believe a weaker dollar and easing volatility create a fertile environment for this strategy, in which traders borrow lower-yielding currencies and buy higher-yielding ones. Earlier this year, these trades generated double-digit returns, but the momentum took a breather in July as the dollar rebounded. Recent weak US jobs data has reinforced expectations that policymakers will be forced to cut interest rates next month to avoid a recession, fueling a renewed surge in carry trades. Many institutions, from DoubleLine to UBS, have recently joined the bearish chorus on the dollar, stating that "the bearish narrative for the dollar has resurfaced." “The likelihood of a significant dollar rebound is very limited, while overall global growth remains solid,” said Urquieta, co-head of emerging market debt at Neuberger Berman. He prefers carry trades in South Africa, Turkey, Brazil, Colombia, Indonesia and South Korea.German Chancellor Merz: "Hope and assume" Zelensky will attend the Alaska talks.U.S. Vice President Vance: The United States will maintain dialogue with Ukraine and Zelensky.
