Archives of “Yesterday” tag

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US, EU and Japan seek tougher WTO rules on industrial subsidies

  
  Analysis
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China targeted

Yesterday the US rolled out the red carpet for the phase one signing ceremony by removing the ‘currency manipulator’ designation but today they’ve joined up with the EU and Japan to seek tougher WTO rules. They reached a deal to expand the WTO’s list of illegal aid.
The trio also discussed rules to prevent tech transfers.

Heads up: Fed chair Powell to speak again later today

  
  Analysis
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In case you missed out on his remarks from yesterday:

Powell

 

For today, he is scheduled to speak at around 1430 GMT (agenda says it is at 1500 GMT though) as he participates in a roundtable session in a Fed Listens event in Missouri.
The event is hosted by the Kansas City Fed so Powell will be joined by Esther George in the discussion, where we will be hearing a range of economic issues, such as labor market conditions, local banking, community development challenges and other topics.
In any case, I wouldn’t expect Powell to deviate from his stance yesterday as he continues to keep all options on the table ahead of the next Fed meeting.
The FOMC meeting minutes release later today as well as US CPI data and US-China trade talks later this week will be more impactful for the dollar and risk in my view.
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