Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
The US Dollar Index (DXY) experienced a decline, trading near 99.90 during Friday's Asian session, influenced by recent US inflation figures.
The Canadian dollar strengthened for a second day, with USD/CAD trading around 1.3920, as the US dollar weakened post-inflation data.
A drone entering Latvian airspace was shot down by NATO jets, as northern European nations enhance critical infrastructure defenses.
China's rapid ascent as a major car exporter is creating significant demand for specialized shipping, with capacity struggling to keep pace.
Latvia and Finland recently issued airspace alerts, contributing to ongoing geopolitical concerns on NATO's eastern flank.
China's central bank established the daily yuan reference rate at 6.7878 against the US dollar, while actively managing market liquidity.
Franklin Templeton remains optimistic on global equities, prioritizing strong corporate earnings and AI growth over geopolitical and inflation concerns.
Reuters estimates the People's Bank of China will establish the daily USD/CNY reference rate at approximately 6.7413.
Japanese equities experienced a notable outflow last week, contrasting with previous inflows, while bond selling persisted.
Japanese investors substantially increased their acquisitions of foreign bonds in the week ending August 7, reaching ¥1629.4 billion.
US Treasury Secretary Scott Bessent indicated Washington plans to implement 'never before seen' measures against Iran, according to Reuters.
UBS maintains a positive outlook on global equities, advising clients to broaden their exposure beyond the US market for sustained growth.
Gold prices moved higher, supported by US producer inflation data that eased concerns about an immediate Federal Reserve rate increase.
OpenAI has reportedly surpassed a $40 billion annualized revenue run rate, demonstrating strong commercial demand for generative AI solutions.
Richmond Fed President Barkin emphasized persistent inflation and a resilient economy, suggesting an unclear path for future interest rate decisions.
New Zealand's manufacturing sector experienced a moderation in growth during July, following a strong performance in the preceding month.
MyEtherWallet (MEW) has integrated Ondo Perps, enabling users to engage in 24/7 leveraged trading of tokenized equities and ETFs.
Chicago Fed President Goolsbee observed better inflation data and expressed hope for continued improvement, attributing current pressures to tariffs and oil.
Social media platform Reddit will join the S&P 500 index on August 18, prompting an after-hours increase in its stock price.
South Korea's export price index saw a marginal increase in July, reaching 49.1% year-on-year, up from 48.9% in June.
South Korea observed a deceleration in its year-on-year import price growth for July, easing to 18.7% from June's 20.6%.
Fitch Ratings has reaffirmed the United States' long-term credit rating at AA+ with a stable outlook, while flagging persistent fiscal challenges.
Oil prices fell over 2% despite low vessel transits in the Strait of Hormuz, as the Federal Reserve's rate path remains uncertain.
Abu Dhabi National Oil Company (Adnoc) stated that two of its vessels experienced attacks in the Strait of Hormuz.
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