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Bessent says US unlikely to resume large-scale Iran combat, steps up economic pressure
US Treasury Secretary Scott Bessent said that the US President Donald Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC reported on Thursday.
Gold drifts higher above $4,500 on US Treasury buyback
Gold price (XAU/USD) edges higher to around $4,530 during the early Asian session on Friday. The precious metal rebounds after earlier falling following the US President Donald Trump administration’s unexpected decision to boost repurchases of longer-dated bonds.Â
Japan National CPI ex Fresh Food (YoY) in line with expectations (1.8%) in July
Japan National CPI ex Fresh Food (YoY) in line with expectations (1.8%) in July
Japan National CPI ex Food, Energy (YoY): 1.8% (July) vs 1.7%
Japan National CPI ex Food, Energy (YoY): 1.8% (July) vs 1.7%
Japan’s National CPI climbs 2.0% YoY in July, Core CPI rises as expected
Japan’s National Consumer Price Index (CPI) climbed by 2.0% YoY in July, compared to the previous reading of 1.6% (revised from 1.7%), according to the latest data released by the Japan Statistics Bureau on Friday.
New Zealand Trade Balance NZD (MoM) dipped from previous $23MÂ to $1.95M in July
New Zealand Trade Balance NZD (MoM) dipped from previous $23MÂ to $1.95M in July
Japan National Consumer Price Index (YoY) up to 2% in July from previous 1.7%
Japan National Consumer Price Index (YoY) up to 2% in July from previous 1.7%
New Zealand Trade Balance NZD (YoY) fell from previous $-3.74B to $-5.23B in July
New Zealand Trade Balance NZD (YoY) fell from previous $-3.74B to $-5.23B in July
Australia S&P Global Services PMI dipped from previous 53.6Â to 52.9 in August
Australia S&P Global Services PMI dipped from previous 53.6Â to 52.9 in August
Australia S&P Global Manufacturing PMI unchanged at 52 in August
Australia S&P Global Manufacturing PMI unchanged at 52 in August
Australia S&P Global Composite PMI down to 52.5 in August from previous 53.2
Australia S&P Global Composite PMI down to 52.5 in August from previous 53.2
GBP/JPY Price Forecast: Bulls eye 217.00 as rally extends
The GBP/JPY advanced over 0.72%, refreshing a 14-day high of 216.90, with buyers eyeing a breakout above 217.00, which could open the door to a retest of the yearly highs hit in mid-July. The pair trades at 216.73 after bouncing off the daily low of 215.04.
New Zealand Exports dipped from previous $8.09BÂ to $7.39B in July
New Zealand Exports dipped from previous $8.09BÂ to $7.39B in July