Asia-Pacific FX news summary: Yen remains weak, AUD drops due to disappointing jobs data.
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GBP/USD drops further as rising CPI supports the Dollar.
GBP/USD fell for the eighth consecutive day on Tuesday. US CPI inflation increased in June, dampening expectations for a Fed rate cut. Upcoming data: UK CPI inflation and US PPI business inflation on Wednesday. On Tuesday, GBP/USD faced its eighth straight decline. Following the rise in the US consumer price index (CPI) for June, concerns […]
EUR/USD drops near 1.1600 as US inflation increases, dimming hopes for a Fed rate cut
If US CPI surpasses forecasts, EUR/USD will drop, strengthening the Fed’s stance and stabilizing fees. Trump calls for interest rate cuts, threatens more tariffs and seals Indonesia’s trade agreement. Germany’s Zew Sentiment jumped to 52.7, the highest since February 2022. The EUR/USD pair dipped by 0.55% on Tuesday, reflecting the Federal Reserve’s current approach after […]
Trade Between Russia and China Drops 9% in 2025, Decreasing by $11 Billion
China’s customs agency revealed on Monday that trade between China and Russia dropped by 9.1% to $1,064.8 billion in the first half of 2025. This decline in trade between these two authoritarian regimes seems to be rising, which is concerning for Russia given that China became its crucial economic partner after the invasion of Ukraine. […]
Dollar value drops by Tk2.9 in a week as demand decreases
Banks offer a fee as low as TK120 for Thursday’s remittance dollars July 13th, 2025, 12:30am Last revised: July 13th, 2025, 1:19pm Infographic: TBS The US dollar has seen a notable decline against the taka over the past week, dropping around TK2.90. This fall, combined with strong remittance inflows and export activity, suggests a decreased […]
GBP/USD drops to around 1.3550 as economic worries increase, focus on UK GDP
GBP/USD is expected to decline as the US dollar strengthens due to signals from Federal Reserve officials regarding monetary policy. Fed’s Goolsbee opposes the idea of cutting interest rates to lower government debt expenses. The FPC committee noted a significant risk of a sudden fall in high-risk asset prices. GBP/USD has enjoyed a six-day winning […]
T-Mobile Drops Diversity Policies as FCC Chairman Brendan Carr Aims to Eliminate ‘Invidious Discrimination’
T-Mobile Announces End to DEI Practices T-Mobile communicated with Federal Communications Commission (FCC) Chairman Brendan Carr on Tuesday, indicating that various wireless companies, including theirs, have discontinued their diversity, equity, and inclusion (DEI) initiatives. In the letter to Chairman Carr, T-Mobile stated: The expectation for companies regulated by the FCC is to operate free of […]
Musk’s popularity drops significantly during Trump conflict
Last week, Elon Musk faced a drop in favorability amidst a new confrontation with President Trump and his plans to launch a new political party. According to the Decision Desk HQ, Musk’s net favorability decreased by 3.4 points, now sitting over 20 points lower than before. Presently, 55.8% of former Trump supporters view Musk positively, […]
Gold Price Outlook: XAU/USD drops under $3,300 as investors process US tariff concerns
Gold prices dip below $3,300 as investors react to global trade uncertainties. Trump is set to announce new tariffs affecting over seven nations. Investors are eager for the forthcoming release of the FOMC minutes. Gold prices (XAU/USD) are expected to fall beneath the $3,300 support level on Wednesday. The pressure on precious metals is mounting […]
CFPB budget reduced as Trump administration drops enforcement actions
Recollections from the Financial Crisis “That’s it!” the girl exclaimed. “That was the big secret of my family!” During an economics class discussing the 2008 financial crisis and the Great Recession, a clip from “The Big Short” caught my attention. It illustrated how banks used teaser rates to entice homebuyers, despite many not being able […]