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Story

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

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Friday, Aug 14
14:17 story USD

US Retail Sales Unexpectedly Decline 0.6% in July, Weakest in Over a Year

US retail sales contracted unexpectedly in July, falling **0.6%** month-over-month and marking the weakest performance in over a year, driven by declines in auto and internet...
Thursday, Aug 13
00:31 story JPY

Japan’s July Producer Prices Rise 7.2% Annually, Below Forecasts

Japan's wholesale inflation in July came in below market expectations, with producer prices rising 7.2% year-on-year and 0.1% month-on-month.
Wednesday, Aug 12
23:16 story USD

US Budget Deficit Surges to **$432 Billion** in July, Highest Since **March 2021**

The United States recorded a **$432 billion** budget deficit in July, marking the highest monthly figure since **March 2021** and exceeding analyst expectations.
15:02 story USD

US President Trump Asserts Total Control Over Strait of Hormuz Amid Escalating Tensions with Iran

US President Donald Trump has asserted "total control" over the Strait of Hormuz, intensifying geopolitical tensions with Iran and contributing to rising oil prices.
12:47 story USD

US Consumer Prices Rise as Expected in July, Annual Rate at 3.4%

The U.S. Consumer Price Index for July increased by 0.1% month-over-month, aligning with economist expectations, with the annual rate holding steady at 3.4%. Core CPI also...
03:48 story JPY

Japanese Yen Reverses Half of Intervention Gains, Traders Eye Further Action

The Japanese Yen has surrendered approximately half of the gains from the recent US-Japan intervention, leading to speculation about potential future official support.
Tuesday, Aug 11
05:17 story USD

President Trump Addresses Reports of Calls with Fed Chair Warsh Amid Independence Concerns

President Donald Trump confirmed a recent conversation with Federal Reserve Chairman Kevin Warsh, while disputing reports of frequent contact, raising questions about central bank independence.
Monday, Aug 10
22:31 story USD

Cleveland Fed President Hammack Advocates Multiple Rate Hikes, Citing Insufficient Policy Restraint

Cleveland Fed President Beth Hammack stated that multiple interest rate hikes may be necessary, arguing current policy is not restrictive enough to curb inflation. Her hawkish...
22:17 story AUD

Reserve Bank of Australia Poised for Hawkish Hold on Cash Rate at 4.35%

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its benchmark interest rate at **4.35%** on Tuesday, signaling continued vigilance against persistent inflation despite...
11:17 story JPY

Japanese Minister Kiuchi Addresses Inflation Outlook and Fiscal Policy’s Yen Impact

Japan's Economy Minister Minoru Kiuchi commented on the limited pass-through of rising costs to consumers and the positive long-term impact of fiscal policy on the yen,...
10:47 story EUR

Eurozone Sentix Investor Confidence Turns Positive in August, Exceeding Expectations

Eurozone investor sentiment, as measured by the Sentix index, returned to positive territory in August for the first time since February, surpassing market forecasts.
Friday, Aug 7
15:33 story CAD

Canadian Employment Surges in July, Unemployment Reaches Two-Year Low

Canada's economy added 75,100 jobs in July, significantly exceeding forecasts, while the unemployment rate fell to a two-year low of 6.4%. Wage growth, however, showed signs...
15:32 story USD

Fed’s Barkin Cites ‘Close Call’ on Rates, ‘Weak Balance’ in Labor Market

Richmond Fed President Tom Barkin indicated that the decision on whether current interest rates are restrictive enough remains a 'close call,' while describing the labor market...
12:47 story USD

US Labor Market Unexpectedly Sheds Jobs in July Amid Broad Weakness

The U.S. economy unexpectedly lost 23,000 jobs in July, significantly missing forecasts, while prior months' figures were revised sharply lower, indicating a cooling labor market.
Thursday, Aug 6
22:16 story GBP

UK Construction Downturn Eases in July, PMI Reaches Four-Month High

The UK construction sector showed signs of stabilization in July, with the S&P Global/CIPS Purchasing Managers' Index rising to a four-month high, exceeding economist expectations.
22:01 story USD

St. Louis Fed President Musalem Advocates for Sustained Monetary Tightening Amid Elevated Inflation

St. Louis Federal Reserve President Alberto Musalem reiterated a hawkish stance, emphasizing the need for continued monetary policy restraint to combat persistent inflation and protect the...
12:47 story USD

US Weekly Jobless Claims Rise Less Than Expected, Continuing Claims Increase

New applications for US unemployment benefits edged up to **199,000** in the week ending **August 1**, falling short of economist forecasts. Continuing claims also saw an...
09:32 story EUR

Eurozone Retail Sales Decline Unexpectedly in June, Missing Forecasts

Eurozone retail sales unexpectedly contracted in June, with both monthly and annual figures falling short of forecasts, indicating soft household consumption.
06:48 story EUR

Germany’s Factory Orders Jump in June, But Underlying Data Shows Mixed Trends

German factory orders significantly exceeded expectations in June, rising 3.1% month-over-month, though the increase was largely attributed to large orders and strong domestic demand.
02:32 story USD

Fed’s Daly Notes Fading Tariff Impact While Warning of Broader Inflation Risks

Federal Reserve Bank of San Francisco President Mary Daly offered a nuanced view on inflation, noting a fading impact from tariffs but also highlighting broader risks...