EUR/USD
1.16213
0.015%
Gold
3377.60
0.357%
Oil
64.167
-0.663%
USD/JPY
147.773
0.020%
GBP/USD
1.34552
0.019%
GBP/JPY
198.835
0.053%
Real-time News
German Chancellor Merz and Canadian Prime Minister Carney announced an agreement on critical mineral supply chains.On August 26th, analysts at Deutsche Bank Research stated that US companies may be more vulnerable to tariffs than their European counterparts. The latest US producer price index rose to 0.9% in July, indicating that US tariffs are impacting businesses. Credit investors appear to be underestimating the impact of tariffs on inflation and the Federal Reserves interest rate decisions, increasing the risk of a credit market downturn. Deutsche Bank analysts stated, "We expect margin pressure on US cyclical companies to persist, while high US dollar interest rates remain a challenge for highly leveraged US issuers."Credit Agricole: The Federal Reserve is expected to cut interest rates twice this year, once in September and once in December.Swedish Central Bank Meeting Minutes: Governor Teden stated, "I consider the likelihood of prolonged high inflation low. It is difficult to assess how quickly economic activity will strengthen. This justifies keeping the door open for another rate cut."Commerzbank warned on August 26 that the dollars potential recovery is limited given the challenges facing the Federal Reserve. The dollars situation will remain "difficult and volatile" as Fed Chairman Powell may struggle to navigate the balance between appropriate monetary policy and political demands. President Trump has repeatedly called for interest rate cuts and criticized Powells cautious stance on easing policy. On Monday, he fired Fed Governor Lisa Cook, raising new concerns about the Feds independence. This, combined with other structural factors such as the deteriorating US fiscal situation, means the dollar is unlikely to regain its previous strength.
