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  • Markets pricing US interest rate hike by 40% following Fed meeting minutes

    17 Aug 2017 10:36 AM |

    The US dollar fell in yesterday's trading following the release of the minutes of the FOMC meeting in July, which showed the fear of policymakers of the recent weakness of inflation, and some asked to ease the process of raising interest rates until the picture is quite clear, so the dollar index hit its lowest level since the beginning of the week at 93.19 This morning, also the US dollar gave up most of its gains against the Japanese yen, dropping from its highest level since the beginning of this month to 109.65 levels before recovering slightly with morning trading.

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  • UK labor market data continue to improve

    16 Aug 2017 01:12 PM |

    Unemployment in the UK fell to 4.4% in the three months to June from 4.5% recorded in the previous month, better than expectations for stability at the same rate as the previous month. Bringing it to the lowest level over 42 years.

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  • Westpac's comments on the Reserve Bank of Australia

    16 Aug 2017 12:05 PM |

    The following are the most important comments from the Westpac chief economist:

    • The RBA will keep interest rates unchanged at its next meeting in September.
    • The most interesting question is whether the RBA will raise interest rates next years

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  • Schaeuble : I don't agree with the German Court on ECB

    16 Aug 2017 10:27 AM |

    Wolfgang Schaeuble, German finance minister made the following statements:

    • I think that ECB is committed to its mandate.
    • I don't agree with the view of German Constitutional Court that ECB violates the monetary financing laws.

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  • ECB emphasizes that the asset purchase program is within its mandate

    15 Aug 2017 03:10 PM |

    The German Constitutional Court announced today the ECB may violate the monetary financing laws in its asset purchase program of 2.3 trillion euros, and asked the top court in Europe to take a decision on it.

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  • UK CPI missed expectations in July

    15 Aug 2017 12:07 PM |

    The UK consumer price index rose by 2.6% in July on yearly basis, the same as in June, but didn't match expectations of a 2.7% rise. Also, the core CPI, which excludes food and energy prices rose by 2.4% below expectations of a 2.5% rise.

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  • Davis, Brexit negotiations are going well

    15 Aug 2017 10:19 AM |

    David Davis, the Brexit minister came out with some comments this morning as following:

    • UK may not need to pay the cost of acceding to the customs union during the transition period after Brexit.
    • Negotiations are likely to see a lot of turmoil.

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  • Asian shares bounce after losses, dollar capped by weak U.S. inflation

    14 Aug 2017 10:40 AM |

    By Reuters : Asian stocks bounced on Monday after three straight losing sessions, tracking a firmer Wall Street, while the dollar was capped by tensions on the Korean peninsula and doubts that the Federal Reserve will hike interest rates again this year.

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