• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 4, according to people familiar with the matter, US Republicans are considering creating a new tax bracket for people with incomes of $1 million or more to offset part of the cost of the tax bill, which is in stark contrast to the Republican Partys decades-long opposition to tax increases. People familiar with the matter said the new top tax rate would be between 39% and 40%. Trump administration officials and allies on Capitol Hill are beginning to draft a tax plan, hoping to pass it in the coming months. In addition, Republicans are also considering raising the top tax rate on incomes over $626,350 from the current 37% to 39.6%, which means the top tax rate will return to the level set by former President Obama.US President Trump: Britain is happy with US tariffs.Foreign central banks held U.S. Treasuries worth -$1.76 billion in the week ending March 27, compared with -$14.896 billion in the previous week.Trump trade adviser Navarro: Tariffs are to protect the American people and increase revenue.April 4th, as a new wave of tariffs upends global markets, the dollar has wiped out all of its gains since Trump won the election last November. "The dollar bear market has arrived and its roaring," said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi. He added that the dollar could fall 10% this year as the United States "teeters on the brink of recession." This is in stark contrast to earlier this year, when Trumps policy plans such as tax cuts and tariffs were seen as a reason to bet on a rebound in the dollar. In February, U.S. Treasury Secretary Bessant said Trumps policies were "completely consistent" with a strong dollar, confirming the governments strong dollar stance. "We may be in the early stages of a structural sell-off in the dollar," said Ed Al-Hussainy, strategist at Columbia Threadneedle Investment.

After positive Japan Retail Trade statistics, the USD/JPY currency pair declines toward 138.50

Daniel Rogers

Aug 31, 2022 11:37

 截屏2022-08-31 上午9.51.01.png

 

The US dollar fell against the Japanese yen by less than 0.1 percent to 138.50 after upbeat economic data was released. Retail sales in Japan rose by 2.4% last year, beating both analysts' estimates of 1.9% growth and the prior report of 1.5% growth. Furthermore, retail sales have climbed to 0.8% on a monthly basis. Meanwhile, the report on Industrial Production is 1.8% higher than expected and 2.6% higher than the previous release.

 

Because the US dollar index (DXY) has done so well, bulls have been able to keep a firm grip on the asset. The DXY is aiming for a return to its two-decade high of 109.29 after encouraging data on consumer confidence and hawkish remarks from Fed governors.

 

When compared to July's 95.3 score, August's 103.2 reading on the Conference Board's (CB) Consumer Confidence survey is a significant gain. Improved faith in the economy boosts retail spending, which in turn supports the domestic currency. The DXY was also helped along by John Williams, president of the New York Fed Bank.

 

Fed Williams believes that interest rates will need to increase by more than 3.5 percent by the end of the year in order to slow the rate of inflation. He predicted that by the next year, inflation might drop to between 2.5% and 3%.

 

The release of US Nonfarm Payrolls (NFP) data on Friday remains the focal point of investors' attention this week. It is expected that employment growth numbers would remain satisfactory notwithstanding a halt in recruiting by a number of tech companies and the effects of dwindling liquidity. Reduced from 528k in the prior publication, the anticipated economic data is 300k.