EUR/USD
1.16424
-0.033%
Gold
3329.34
0.412%
Oil
62.504
0.937%
USD/JPY
147.516
-0.100%
GBP/USD
1.34815
-0.077%
GBP/JPY
198.878
-0.171%
Real-time News
On August 20th, Melanie Debono of Panson Macro wrote in a report that the European Central Bank is likely to cut interest rates again in September despite the lack of signs of easing eurozone inflation. Data showed that the eurozones annual inflation rate remained unchanged at 2.0% in July, with core inflation also stable. Debono stated that with accelerating food inflation and the impact of base effects from oil prices, eurozone inflation is likely to rise again in the remaining months of the year. However, she noted that the ECB will consider volatile markets and a weak US economy as sufficient reason to cut interest rates to 1.75% at its September meeting. A decline in core inflation in August would further solidify this move.Indias natural gas production fell 3.2% year-on-year in July.On August 20th, Danni Hewson of AJ Bell stated in a report that high inflation in the UK may make investors and consumers more cautious. The UKs annual headline inflation rate was 3.8% in July, higher than the market forecast of 3.7%. Hewson noted that concerns about potential increases in energy prices and taxes in the UK in the autumn may be making many people cautious. She added: "With the July Retail Price Index (RPI) figure of 4.8%, the expected sharp increase of 5.8% in rail fares next year will put additional pressure on many household budgets."Russian Foreign Minister Lavrov: Russia is ready to discuss the political aspects of the solution with Ukraine.Market news: Amazon (AMZN.O) will use Android on its new Fire tablet.
