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Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

Updated 57 minutes ago

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Friday, Aug 28

11:01 story EUR

French Economy Stagnates in Second Quarter, Narrowly Avoiding Recession

France's economy narrowly avoided a technical recession in the second quarter, as official data revealed a downward revision to GDP growth, showing stagnation and complicating the... 10:32 story CAD

President Trump Signs Executive Order Renaming Lake Ontario Amidst US-Canada Trade Tensions

U.S. President Donald Trump signed an executive order to rename Lake Ontario as 'Lake America' on Thursday, August 27, 2026, amidst ongoing trade disputes with Canada,...

Thursday, Aug 27

23:46 story JPY

Japan’s Tokyo CPI Matches Expectations in August, While July National Inflation Surpassed Forecasts

Japan's Tokyo Consumer Price Index for August aligned with expectations, while the national inflation rate for July exceeded forecasts. The Japanese Yen showed minimal immediate reaction. 18:46 story USD

Boston Fed’s Collins: Policy Restrictive, Rate Hikes Possible if Inflation Disappoints

Boston Fed President Susan Collins stated current monetary policy is restrictive, expecting gradual disinflation, but left the door open for rate hikes if inflation targets are... 14:46 story USD

Cleveland Fed President Hammack Advocates Immediate Action on Inflation, Citing Non-Restrictive Policy

Cleveland Fed President Beth Hammack emphasized the need for immediate action against persistent inflation, stating current interest rates are not restrictive enough for the U.S. economy.... 14:16 story USD

US Initial Jobless Claims Unexpectedly Decline to 203,000

New applications for US unemployment benefits fell more than anticipated last week, indicating continued resilience in the labor market. 12:31 story USD

Kansas City Fed President Schmid: Current Rates Not Restrictive, Inflation Remains Stubborn

Kansas City Federal Reserve President Jeff Schmid stated that current interest rates are not restraining the US economy, with inflation persisting above the central bank's **2%**... 10:01 story PHP

Bangko Sentral ng Pilipinas Raises Key Rate for Third Consecutive Meeting Amid Persistent Inflation

The Philippine central bank increased its benchmark interest rate by 25 basis points to 5.00% as expected, maintaining a hawkish stance to combat elevated inflation risks. 02:16 story AUD

China’s Industrial Profit Growth Slows to Seven-Month Low in July

China's industrial profits expanded at their slowest pace in seven months during July, marking a third consecutive month of deceleration amidst a cooling economy. 01:31 story KRW

Bank of Korea Raises Benchmark Rate to 3.00% in Second Consecutive Hike

The Bank of Korea increased its benchmark interest rate by **25 basis points** to **3.00%** on **Thursday**, marking its second consecutive hike to combat persistent inflation...

Wednesday, Aug 26

13:17 story USD

Fed Chair Warsh Delivers Hawkish Jackson Hole Address, Signaling Continued Fight Against Inflation

Federal Reserve Chair Kevin Warsh delivered a hawkish message at Jackson Hole, emphasizing that inflation is not meaningfully slowing and the Fed has "work to do"... 07:32 story USD

Iran and Oman Discuss Interim Framework for Strait of Hormuz Shipping

Iranian and Omani foreign ministers have discussed an interim framework to resume safe navigation through the Strait of Hormuz, aiming for a temporary joint maritime corridor.

Tuesday, Aug 25

16:32 story USD

Billionaire Investor Druckenmiller Criticizes US Treasury’s Bond Market Intervention

Stanley Druckenmiller, a prominent billionaire investor, has publicly criticized US Treasury Secretary Scott Bessent's strategy of expanding bond purchases to influence market yields. 16:03 story USD

US Consumer Confidence Falls to Seven-Month Low in August, Misses Expectations

US consumer confidence declined in August, reaching its lowest level in seven months and falling short of economists' forecasts. 08:02 story EUR

German Q2 GDP Growth Revised Upward, Driven by Robust Exports

Germany's economy expanded more than initially estimated in the second quarter, with official data showing an upward revision to GDP growth, primarily fueled by strong export...

Monday, Aug 24

20:01 story CAD

US President Trump Announces 50% Tariffs on Canadian Auto and Steel Imports

US President Donald Trump declared new **50%** tariffs on Canadian auto, truck, and steel imports, effective **January 1, 2027**, following a breakdown in trade talks. 13:17 story IRR

US Treasury Secretary Bessent to Detail Expanded Iran Sanctions Targeting Trade Partners

US Treasury Secretary Scott Bessent is scheduled to announce new sanctions against Iran and its economic partners on Monday, aiming to intensify economic pressure. 07:03 story SGD

Singapore’s July Inflation Accelerates to Near Two-Year High, Undershoots Forecasts

Singapore's consumer price index rose **2.2%** year-on-year in **July**, marking a near two-year high, though it fell short of economist expectations. 05:16 story USD

Jackson Hole Speech Puts Fed Chair Warsh in Spotlight on Inflation and Independence

Federal Reserve Chair Kevin Warsh is set to deliver his first Jackson Hole speech, with markets anticipating insights on inflation and central bank independence amidst heightened...

Sunday, Aug 23

17:31 story CAD

US-Canada Trade Negotiations Collapse, Triggering New Tariffs

Trade talks between the United States and Canada concluded without agreement on Friday, leading to the imposition of new tariffs by both nations.