The dollar traded perkily in Asia, spurred on by apparent fresh momentum behind the White House plans for tax reform. Republican congressional leaders talked up an “outline” on reforms by the week of September 25th, and the White House hosted a bipartisan dinner to keep the heat on both sides to step up on reforms. USD-JPY rallied for a fourth straight day, this time making a one-month peak at 110.73, EUR-USD fell into 11-day low terrain under 118.70, and the narrow trade-weighted USD index posted a nine-day high at 92.51. Ahead today are the SNB and BoE policy announcement.
Recent News
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- Factbox-Major cases involving Trump before the US Supreme Court
- World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization
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- US judge skeptical about Trump defense of Education Department layoffs
- NASA administrator was once arrested, accused of passing bad checks to casinos
- Ex-Taliban commander pleads guilty to taking US journalist hostage
- Loeb's Third Point builds stake in Band-Aid maker Kenvue
- Migrants deterred by Trump's border crackdown wait for UN help to return home
- Orbia announces the commencement of cash tender offer and consent solicitation
- Germany's Merck says in late-stage discussions to buy SpringWorks for $3.5 million
- Missile that killed 12 in Russian strike on Kyiv was North Korean, Zelenskiy says
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- Trump signs executive order boosting deep-sea mining industry
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- BOJ will keep raising rates if inflation converge toward 2%, governor Ueda says
- Fed Kashkari cites trade policy uncertainty as a risk to jobs
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- Bessent says China tariffs are not sustainable as US signals willingness to de-escalate
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- US cancels hundreds of grants for police, crime victims, Justice Dept documents show
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- Ethereum Climbs 10% In Bullish Trade
- Yale University explores sale of private equity fund interests
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- M&T Bank Corporation to Participate in the Barclays Americas Select Franchise Conference
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- Tesla salvages first-quarter profit margins as car sales skid
- HII Hosts HD Hyundai Heavy Industries Leaders at Ingalls Shipbuilding
- ExxonMobil to Release First Quarter 2025 Financial Results
- Baker Tilly and Moss Adams to merge, forming sixth-largest US advisory CPA firm
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