British Pound weakens against Japanese Yen amid hawkish BoJ prospects

The British Pound (GBP) is under pressure against the Japanese Yen (JPY) on Wednesday, trading 0.22% lower at around 216.85 during the European trading session. The cross weakens as the Japanese currency strengthens, with financial markets pricing in an interest rate hike by the Bank of Japan (BoJ) in its policy meeting next month. Japanese […]

Gold holds steady near $4,650 as PCE data eyed for Fed rate path

Gold (XAU/USD) extends its two-way price moves for the second straight day and trades above $4,650 during the Asian session on Wednesday. The commodity remains within striking distance of its highest level since May 14 as traders keenly await the release of the US Personal Consumption Expenditures (PCE) Price Index for some meaningful impetus. Investors […]

Canada announces ‘dollar-for-dollar’ retaliatory tariffs up to 50% against US

Canada said that it will implement 50% retaliatory tariffs on $20bn worth of US goods, following through on Prime Minister Mark Carney’s vow to match US President Donald Trump’s duties “dollar for dollar,” the Guardian reported. The Canadian government said in a statement that new measure will take effect from September 8 and will impose […]