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Trump administration labels the Chinese government a ‘currency manipulator’
Global tensions ratcheted up another notch on Tuesday, as the Trump administration broke political protocol and labeled China a ‘currency manipulator’. U.S Treasury Secretary Steve Mnunchin said that under the guidance of United States President Trump, the U.S Treasury Department is officially now calling China out for currency manipulation. China answered the charge with a[…]
Wage growth now more important than the U.S jobs report headline number
The United States economy releases the monthly jobs report later today, with most economists predicting that the American economy created 165,000 new jobs during the month of July. The wage growth component inside the July jobs report may be the key to the market’s reaction to the report later today, given that the Federal Reserve[…]
Bank of England to keep rates on hold and play the Brexit game
The Bank of England is widely expected to keep interest rates unchanged later today as they resist the temptation to follow other central banks and loosen monetary policy. The risks of a hard-Brexit scenario has also increased over the last month, leading to an increase in predictions that the Bank of England will cut rates[…]