EUR/USD
1.16783
0.003%
Gold
4616.86
2.163%
Oil
86.290
0.427%
USD/JPY
158.995
-0.035%
GBP/USD
1.36466
0.123%
GBP/JPY
216.979
0.098%
Real-time News
August 23 (Tasnim News Agency) – Iranian Islamic Revolutionary Guard Corps spokesman Mohbi stated that Iran has developed countermeasures against various hostile actions by the United States, including measures to address economic pressure. Speaking at a press conference in Karaj, a city in northern Iran, Mohbi said that the USs recent announcement of launching its "most severe economic war" against Iran actually indicates that the US has failed to achieve its military objectives. He added that the US has imposed economic sanctions on Iran for 47 years, and the current statements regarding "economic war" are intended to exert psychological influence on the Iranian people.August 23 – According to the official WeChat account of the Chinese Embassy in Saudi Arabia, several Chinese citizens have recently been detained by Saudi authorities for failing to declare large sums of cash they were carrying upon entry and exit from Saudi Arabia, as required by the newly revised Anti-Money Laundering Law Enforcement Regulations. Furthermore, cases of telecommunications fraud, currency exchange scams, and robberies targeting Chinese citizens are frequent. The Chinese Embassy in Saudi Arabia solemnly reminds Chinese citizens in Saudi Arabia to abide by local laws and regulations and to be vigilant against all types of fraud.August 23 - According to the Japan Meteorological Agency, a 6.0-magnitude earthquake struck off the coast of Urakawa, Japan, at approximately 22:00 local time on August 23. The maximum intensity of the tremor was 4, and the focal depth was 40 kilometers.August 23 (Xinhua) -- Ukrainian President Volodymyr Zelenskyy said during a meeting with media representatives on the 23rd that Ukraine is not yet in a position to hold elections during wartime, and that holding elections under the current circumstances would pose a significant danger of national disintegration. According to media reports, former Defense Minister Andriy Fedorov, who was dismissed by Zelenskyy, recently released a video calling for wartime elections in Ukraine, stating that the country is facing a governance crisis. Zelenskyy responded that day, saying that during the ongoing conflict, various parties have been pressuring Ukraine to hold wartime elections, but the prerequisite for such elections is that partner countries can provide Ukraine with specific conditions to ensure their safe and legal conduct. This would allow frontline Ukrainian soldiers and millions of Ukrainian citizens fleeing the war to participate in the elections safely, without the threat of attack.August 23 - The bond market has recently sent a clear signal to Treasury Secretary Bessant: dont try to sweep $40 trillion in U.S. Treasury bonds under the rug and pretend everything is fine. Bessant announced plans to increase long-term Treasury repurchases this fall, pledged to use the Treasurys vast "toolbox" to support the market, and discussed upcoming measures to curb the ever-expanding U.S. debt burden. John Arnold, a former Enron energy trader, billionaire, and founder of the philanthropic venture capital firm Arnold, said the summers bond market turmoil may ultimately be just "another quickly subsided episode," but the bigger concern is that the lack of change in the U.S. fiscal situation will persist until it finally triggers a crisis. Tracy Chan, a global portfolio manager at Brandiwin, said she is very nervous because Bessant has failed to curb long-term Treasury yields. The bond markets performance suggests that bond vigilantes still dont trust him. Bessant needs to do more to convince investors that the Trump administration is serious about U.S. fiscal issues, but talking about increasing revenue through tax increases or austerity measures before the November midterm elections will be unpopular.
