Fed’s Bostic: Fed is going to have to do more with interest rates
"The Federal Reserve is going to have to do more with interest rates but details
US: FOMC hikes rates and removes the forward guidance – UOB
UOB Group’s Senior Economist Alvin Liew and Rates Strategist Victor Yong comment on the latest
US: Consumers are still increasing spending despite inflation – Wells Fargo
Data released on Friday showed consumer spending rose above expectations in June. The 0.1% increase in
USD/JPY: Capitulation looks overdone – TD Securities
According to analysts at TD Securities the USD/JPY will likely move to the upside in
Canada: With growth still tracking in line with BoC forecasts, another large rate hike is expected – CIBC
The monthly GDP reading on Friday showed growth was unchanged in May against the market
USD: Recent correction lower is likely to prove temporary – MUFG
Some of the shine has been taken of the strong US dollar but case for
China’s Commerce Ministry: Foreign trade faces high risks, difficulties, and uncertainties
An official from China’s Commerce Ministry shed light on the country’s foreign trade situation, in
Eurozone Preliminary GDP expands 0.7% QoQ in Q2, a positive surprise
The Eurozone economy expanded by 0.7% on the quarter in the three months to June of 2022,
AUD/USD retreats towards 0.6950 on softer China Caixin Manufacturing PMI, US data, RBA eyed
AUD/USD pares daily gains amid softer China data. China’s Caixin Manufacturing PMI tracked official NBS
China Caixin Manufacturing PMI: Contracts to 50.4 from 51.7, AUD bears in play
The Caixin China Manufacturing PMI has been released as follows: July: 50.4 (exp 51.5; prev