EUR/USD
1.15186
-0.041%
Gold
4241.47
0.024%
Oil
77.107
-0.341%
USD/JPY
158.505
0.040%
GBP/USD
1.34489
-0.033%
GBP/JPY
213.176
0.002%
Real-time News
The main contract for the container shipping index (European route) rose more than 2.00% intraday, currently trading at 1693.0 points.August 7th - According to the Financial Times, Washingtons sale of euros late last week to boost the yen caught the European Central Bank (ECB) off guard, with the US only informing the ECB after the historic currency intervention had taken place. Multiple sources revealed that the ECB only learned of the US sale of euros to buy yen after the transaction was executed on Friday. One source said that ECB President Christine Lagarde and US Treasury Secretary Bessant spoke about the intervention on Saturday. This lack of coordination highlights the unusual nature of this first joint US-Japan action to boost the yen in nearly 30 years. Conventionally, the US uses the dollar in such operations. Sources indicated that some senior ECB officials considered the US decision to use euros in the transaction an unprecedented violation of long-standing cooperation practices between Western monetary authorities. A person familiar with the discussions within European policymakers said the euro sale, carried out by the New York Federal Reserve on behalf of the US Treasury, was "very striking" and "regrettable."According to the Financial Times, Washingtons sale of euros late last week to boost the yen caught the European Central Bank off guard, with the US only informing the ECB after the currency intervention had taken place.On August 7th, it was reported that on August 6th local time, a New Mexico court ruled that Meta, the parent company of Instagram and Facebook, must pay $567 million to address the impact of its platforms on teenagers. Judge Brian Biedhid stated that $420 million of the funds will be used for adolescent rehabilitation services, with the remainder allocated over the next five years for advocacy, prevention, screening services, and other related expenses.The yield on Japans 20-year government bonds rose 2.0 basis points to 3.660%.
