EUR/USD
1.16632
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Gold
4651.66
0.754%
Oil
84.551
-2.015%
USD/JPY
159.093
0.062%
GBP/USD
1.36303
-0.119%
GBP/JPY
216.835
-0.066%
Real-time News
On August 25th, former Bank of Japan official Seiji Adachi stated that the Bank of Japan is very likely to raise interest rates next month, confirming widespread market predictions. In an interview, Adachi said, "The Bank of Japan is essentially in a dilemma. The market has largely priced in a rate hike. If the central bank doesnt raise rates, the yen could weaken significantly again." This comes after US Treasury Secretary Bessant indicated that policy action was needed after foreign exchange intervention and expressed hope that Bank of Japan Governor Kazuo Ueda would raise interest rates. "Bessant has repeatedly hinted that the Bank of Japan will be the next institution to take action," Adachi said. "Given this, the government cannot tell the Bank of Japan dont do it." Adachi pointed out that Japans inflation momentum is strong, and after the expected rate hike in September, the Bank of Japan is likely to continue raising rates. He stated, "I think the Bank of Japan will act again in January next year, and the rate hike cycle is very likely to continue for some time, even exceeding the previously considered end point of the cycle at 1.25% or 1.5%."Sources say JPMorgan Chase (JPM.N) and Santander are leading a financing round of up to $15 billion for Argentina’s liquefied natural gas project.On August 25th, Iranian Foreign Ministry Spokesperson Baghae held a press conference on August 24th, addressing regional issues and Iran-US relations. Baghae emphasized that Iran has the right to strike at all sources of aggression, and that the US threat to impose a new round of sanctions on Iran is a serious violation of international law. Regarding the US threat to impose so-called "toughest sanctions" on Iran, Baghae stated that the Iranian government understands the current economic pressures and business difficulties it faces domestically, which are part of the pressure the US has exerted on the Iranian people over the past decades. The Iranian government had previously assessed the situation and is taking all necessary measures to counter the economic sanctions. He condemned the US for calling its sanctions against Iran "economic warfare," stating that this demonstrates the USs disregard for the free trade system between nations and national sovereignty.On August 25, the U.S. Supreme Court on Monday halted a lower courts injunction against President Trumps executive order restricting mail-in voting, clearing a path for Trump to implement his measures, though other legal restrictions remain. The Supreme Court granted the Justice Departments emergency request to temporarily suspend a June ruling by a Boston federal judge that had previously blocked Trump from implementing the executive order in 23 Democratic-led states and Washington, D.C. The executive order, signed by Trump in March, mandated the compilation of citizen lists, prioritized prosecutions of officials who sent ballots to ineligible individuals, and restricted the Postal Service to delivering ballots only to eligible voters. Trump has long questioned the security of mail-in voting and pledged to end the practice. Since Democratic voters are more inclined to vote by mail, the restrictions could benefit Republicans. Previously, judges ruled that the president had no authority to change state election administration methods, while the Justice Department argued that states were acting prematurely. With the midterm elections approaching, legal disputes surrounding mail-in voting restrictions are expected to continue.According to the Korean labor union: Hyundai Motor and the Korean labor union have reached a preliminary wage agreement.
