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Federal Reserve Bank of Philadelphia President Anna Paulson said she will keep an open mind about the path for interest rates, writing in an essay on Tuesday that she is focusing on the trends of underlying inflation. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
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The industry body also advocated faster gold monetisation and simplified mining approvals to strengthen self-reliance and reduce import dependence.
Iraq has not paid July salaries to many public employees, with the country still struggling to close a fiscal gap due to plummeting oil revenue caused by the closure of the Strait of Hormuz .
GBP/JPY rises on Tuesday as the Japanese Yen (JPY) gives back part of its recent rally, which was driven by coordinated intervention from Tokyo and Washington.
Co-development studio Vertpaint has appointed former Sumo Group co-founder and CEO Carl Cavers OBE as non-executive director and shareholder. Read more
Treasury Secretary Scott Bessent said the weakness of the yen has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies as he reiterated US support…
Rabobank’s Senior FX Strategist Jane Foley highlights that Japanese authorities benefited from the post-FOMC US Dollar (USD) drop, which eased pressure on the Japanese Yen (JPY).