EUR/USD 1.15778
0.086%
Gold 4418.14
0.961%
Oil 83.745
2.774%
USD/JPY 159.448
0.058%
GBP/USD 1.35423
0.059%
GBP/JPY 215.934
0.117%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 18th, according to South Korean media reports, Trump, when discussing the joint US-South Korea military exercises, mentioned South Koreas defense costs and its refusal to participate in a war with Iran, expressing his dissatisfaction. He said, "South Korea has been protected by us for decades. During my first term as president, they agreed to pay nearly $3 billion a year for protection. I asked for $10 billion, and they were unhappy about that. The agreement we reached was to pay $3 billion in the short term, increase it after one year, and increase it again the following year." Trump then claimed, "I watched as Biden (former president) withdrew that $3 billion for some reason." Trump also stated, "Recently, when I spoke with the South Korean president (Lee Jae-myung) on the phone, I said, Would you be willing to offer some help? We dont need your help on Iran, but if you want to help, then help. And he said, Were not going to participate." Trump continued, "We have 39,000 US troops deployed in South Korea, and youre unwilling to help us in such an easy military operation as Iran. Its really strange."Sources familiar with the matter revealed that some North American auto industry officials believe that either option would be an improvement over the current 25% tariff imposed by the United States on Canadian cars, since the tariff rates on cars from Japan, South Korea, and the European Union are only 15%.Sources familiar with the matter revealed that U.S. officials proposed deducting only the U.S. domestic value from the 15% tariff on Canadian cars, but Canadian officials wanted to deduct all North American components.Sources familiar with the matter revealed that, after deducting certain value components, the United States and Canada are in talks to reduce U.S. auto tariffs from the current 25% to 15%.According to The Times: (When asked whether the UK would face a deadline for abolishing the digital services tax) US Trade Representative Greer said there would be no artificial timetable.

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

 截屏2022-08-10 上午10.31.53.png

 

The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.


Suggestion