USD/INR softens on RBI intervention, investors brace for US CPI release – FXStreet
The Indian rupee gained traction in early European sessions on Wednesday. RBI interventions can help limit INR losses. CPI inflation data for India and the US will be highlighted later on Wednesday. The Indian rupee (INR) is upside down on Wednesday, strengthened by strong intervention from the Reserve Bank of India (RBI). Furthermore, US dollar […]
US Dollar softens ahead of Fed rate decision – FXStreet
The US dollar is stabilizing as analysts are still debating the size of future rate cuts. Traders will likely sit and wait until a decision is made, followed by a press conference from Fed Chairman Powell. The US Dollar Index fell back on Wednesday after a small gain the previous day. Ahead of the Federal […]
Republican Platform Softens Pro-Life Stance, Omits ‘Unborn’ for First Time Since 1972
The Republican National Committee released its 2024 platform on Monday, softening its stance on abortion and dropping its opposition to same-sex marriage, in a move GOP officials say is in line with political realities and the beliefs of presumptive presidential nominee Donald Trump. But many social conservatives have criticized the new platform, with Southern Baptist […]
Biden softens response on Netanyahu’s motivation for war
President Joe Biden tried to walk back his implication that Israeli Prime Minister Benjamin Netanyahu is prolonging the Israel-Hamas war for political reasons as he walked out of a White House event announcing his border executive order. “Is Prime Minister Netanyahu playing politics with the war?” one reporter asked Biden Tuesday. “I don’t think so. […]
Russian court softens restrictions on Italy's UniCredit bank – Kyiv Independent
Support independent journalism in Ukraine. Join us in this fight. Become a member Support us just once A St. Petersburg court ruled on May 31 to ease restrictions imposed on Italy’s UniCredit bank as part of the lawsuit. In mid-May, the St. Petersburg Arbitration Court ruled that 462.7 million euros ($503 million) of the bank’s […]
Greene softens threat to force vote on ousting Speaker Johnson
Rep. Marjorie Taylor Greene (R-Ga.) is softening her threats against House Speaker Mike Johnson (R-Louisiana), pushing back on conservative priorities before forcing a vote on the resolution. He said he would give the chairman time to demonstrate his commitment. He removed him from his power. Prime Minister Greene said last week she would “absolutely” push […]
Republican Sen. Rick Scott softens his abortion position after Florida Supreme Court ruling
WEST PALM BEACH, Fla. (AP) – Florida Sen. Rick Scott this week joined a growing number of Republican incumbents struggling to strike a balance on reproductive rights, ending his state’s six-week abortion ban. He said he opposes a plan to vote in November that would defeat him. But Congress believes those decisions should be left […]
Japanese Yen softens to 148 against USD, BoJ's hawkish tilt could limit losses – FXStreet
share: The Japanese yen has been struggling to take advantage of the recovery from the previous day’s year-to-date low. Hawkish expectations from the Fed will support the USD and further support the USD/JPY pair. Betting on an imminent change in the Bank of Japan’s policy stance will help limit the yen’s downside. The […]