EUR/USD
1.16904
0.116%
Gold
4480.39
-0.938%
Oil
86.433
2.603%
USD/JPY
158.582
0.273%
GBP/USD
1.36472
0.308%
GBP/JPY
216.420
0.592%
Real-time News
Market news: U.S. Trade Representative Greer and Canadian negotiators will meet in Washington at 12:15 p.m. Eastern Time today (00:15 a.m. Beijing Time the following day).The U.S. Treasury Department has proposed common-sense and low-cost investment rules for the "Trump Account".On August 20th, Federal Reserve Chairman Daly stated that rising long-term yields are a global issue that has weakened their indicative role in Fed policy signals, and he believes the Feds credibility is not at risk. Short-term yields show the market understands the Feds response mechanism, and the Feds policy is in good shape; he sees no evidence of a need for an early rate hike. He expects the inflationary shock to gradually subside, therefore he is "very supportive" of the Fed keeping rates unchanged in July. However, he cautioned against the cumulative effect of multiple inflationary shocks, although he is looking for more worrying signs of inflation, but has not yet seen any. Recent employment and inflation data have not changed the outlook, and he does not currently believe the labor market will drive inflation. Rising bond yields have not sent a policy signal, and it is too early to discuss the pattern of US Treasury issuance. The Fed will find a way to achieve its policy objectives. The Fed will continue to fulfill its responsibilities, regardless of what actions the Treasury takes.Federal Reserves Daly: The labor market is stable; my focus is on inflation.Federal Reserves Daly: Two weaker data points did not make the inflation situation clearer.
