Market Pulse - Currencies
White House says a further $267.0bn-worth of tariffs set to be imposed
Shares on Wall Street are slipping lower after it was reported that Donald Trump had threatened tariffs on an additional $267. 0bn-worth of Chinese goods on top of those on $200. 0bn-worth which his administration was already mulling and the $50bn-worth which had already gone into effect.
Decision on China tariffs may not come on Friday, White House's Kudlow says
A decision on whether to impose a third round of tariffs on Chinese made goods might not come on Friday, a top official from the Trump administration appeared to indicate.
EU's Barnier open to discussing new Brexit customs arrangement
The European Union’s chief negotiator Michel Barnier had told MPs he was open to discussing alternative Irish customs arrangements in order to secure a Brexit agreement, news that lifted the pound on Friday.
Economists spy FX sales by state-owned lenders in PBoC reserve data
China's stash of foreign exchange reserves was roughly steady last month, but economists believed the monetary authority had likely found an alternate manner of propping up its currency, the yuan; namely by instructing state-owned lenders to sell some of their foreign assets.
Brazilian presidential hopeful Jair Bolsonaro stabbed at a campaign rally
Brazilian politician and presidential hopeful, Jair Bolsonaro, has been stabbed at a campaign rally in the south-east state of Minas Gerais.
FX round-up: Pound finishes volatile session flat, EM FX finds respite
Sterling rocketed on Wednesday after Bloomberg reported that Germany and Britain were now both prepared to accept a less detailed agreement on the UK's future economic and trade ties with the European Union, hopefully leaving a deal on the Irish backstop as the last remaining bone of contention.
Iran urges Europe to offset US sanctions by November deadline
Iran has set a 4 November deadline for European parties to its nuclear deal to find a way to offset US sanctions against the country’s oil industry, suggesting it may pull out of the deal if they fail.
Pound surges as Germany and UK said to ditch key Brexit demands
Sterling shot higher against both the dollar and the euro on Wednesday afternoon following a report that the British and German governments have ditched key Brexit demands.
US trade deficit widens more than expected in July
America's shortfall in trade with the rest of the world widened at the start of the third quarter as exports of goods, mainly of civilian aircraft and soybeans declined.
FX round-up: Argentine peso in the spotlight, BofA calls euro higher
Investors pushed the US dollar higher on Tuesday on the back of a potent mix of trade concerns and strong US economic data, although at least versus the euro some analysts argued the tide was about to change, predicting that the single currency was set to gain.
FX round-up: Sterling lower as Barnier airs opposition to Chequers plan
Sterling was again on the back foot at the start of the week after the European Union's chief trade negotiator, Michel Barnier, said he "strongly" opposed the Prime Minister's proposal for a "common rulebook" on trade in goods but not on services.
Slowdown in domestic economy weighs on Chinese manufacturing in August
Factory sector activity in the People's Republic of China continued to slow last month, amid a "grim" outlook for exporters and falling employment.