us-business

Cell lines are prepared in the laboratory of Dr. John Tisdale, a Senior Investigator at the National Heart, Lung, and Blood Institute’s Cellular and Molecular Therapeutics Laboratory, at the National Institutes of Health in Bethesda, Maryland. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) AFP via Getty Images President Trump has pledged to provide Americans with a vastly reformed healthcare system that’s affordable, innovative and elevates patient care above anywhere else in the world. Despite the political shell games being played by liberal Democrats, the media and even some Republicans, much of President Trump’s policy agenda has broad public support and is largely on track to succeed if enacted. For example, recent polling from McLaughlin & Associates shows well over 85% of likely voters favor his policy to bypass costly middlemen fees by allowing direct sales of medicines to patients. Across the board, his policies—from requiring foreign countries to pay their fair share for U.S. medical innovations, to securing unprecedented domestic drug manufacturing investments in the face of emerging threats from China, to ensuring Pharmacy Benefit Manager (PBM) corporations can’t pocket large drug discounts meant for patients—have approval ratings of 80% or more. Who would’ve thought Donald Trump could make healthcare an “80/20” political issue for conservatives? The bigger question, however, is whether congressional Republicans, long considered disadvantaged among voters on the issue, will embrace his agenda and help pass it. Make no mistake, the opportunity is directly in front of them. Most Americans would probably agree that no one would design a healthcare system that looks anything like the one we have. It’s confusing, rife with red tape, waste, fraud and abuse, manipulated by corporate middlemen and is far too expensive for patients, employers and taxpayers to sustain. At the same time, however, the U.S. system develops, manufactures and delivers the most cutting-edge medical treatments in the world. It doesn’t add up that America can be at the forefront of innovation and investment, while drowning in antiquated systems that bankrupt families and fleece taxpayers of billions of dollars. These are complicated problems that too often have led to overly complicated and often self-serving politically directed policies that have made problems far worse for patients and families. President Joe Biden’s changes to Medicare—part of the Democrats’ ridiculously named Inflation Reduction Act (IRA) spending bill—are a perfect recent example. In addition to raiding billions of dollars in so-called Medicare savings to fund unrelated subsidies for big insurers, electric vehicle buyers and other special interests, the IRA’s drug-price control measures led to massive premium spikes, kicked countless seniors off their Part D drug plans and stifled needed R&D investments in new cures and cutting-edge medicines. To be fair, President Trump has also threatened the use of heavy-handed price controls on prescription drugs. However, his aggregate policy proposals, which call for greater accountability, competition and transparency in healthcare—along with the force of nature he brings to the negotiating process—are set to achieve even greater results, to the point of making such price controls unnecessary. We should assume he knows this because during his first four years in office increases in drug prices remained at historic lows. Only eight months into his second term, President Trump has already applied unprecedented pressure on foreign governments to pay their fair share for U.S. drug innovations, worked to expose and rein in costly insurer middlemen and helped secure a record $300 billion in new domestic pharmaceutical R&D manufacturing and workforce investments. In short, President Trump is proving to be the ultimate price control in healthcare. And he’s doing it without actually implementing such unnecessary measures—and he shouldn’t—thus avoiding the negative access and innovation-killing impacts they’d have on patients, families, innovators and workers. Additionally, there are several other Trump-aligned policies being considered to help move America forward. They include requiring other countries to set NATO-like investment thresholds to ensure the U.S. doesn’t bear the world’s costs for medical innovation, expediting FDA reviews for lower-cost prescription drug and leveraging AI to power accelerated innovation discoveries and root out waste fraud and abuse. Taken together, these “80/20” healthcare proposals and other free-market reforms serve as the foundation of the “Most Favored Patient” project (I’m one of the principals) [mostfavoredpatient.org], a Trump-aligned agenda made up of commonsense solutions and innovative policies to address the everyday healthcare problems and costs impacting nearly every family. Now, thanks to President Trump, Republicans in Congress have a unique opportunity and platform to turn an issue that has historically been viewed as a primary weakness into a winning agenda that appeals to all American patients, taxpayers and voters. Here’s some advice: Don’t hesitate. Read More

Topline The Food and Drug Administration is warning that some Great Value brand frozen shrimp sold at Walmart could be contaminated with radioactive isotope Cesium-137 after Customs and Border Protection detected the substance in shipping containers at four major American ports and at least one sample of shrimp. Cesium-137 was detected in some frozen shrimp coming from Indonesia—but none that have been sold in stores yet. getty Key Facts CBP detected cesium-137 in shipping containers at the ports of Los Angeles, Houston, Savannah, and Miami, and also confirmed the isotope was present in one tested sample of frozen breaded shrimp—and stopped these shrimp from entering the country. The FDA has not confirmed the presence of cesium-137 in any shrimp that have been sold in the U.S. so far, but are concerned that shrimp coming from Indonesian producer BMS Foods were “prepared, packed, or held under insanitary conditions” and could have also been contaminated. The FDA is recommending Walmart recall frozen shrimp coming from BMS Foods, and the retailer has not returned a request for comment from Forbes. Which Shrimp Products Should Be Avoided? The FDA is warning consumers specifically to avoid Great Value frozen raw shrimp with the lot codes 8005540-1, 8005538-1, and 8005539-1. All of these shrimp have a sell-by date of 3/15/2027. If you have purchased any of these products, the FDA recommends you throw them away immediately and avoid eating or serving them. Walmart’s product recall website warns customers not to eat imported frozen shrimp sold at stores in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Missouri, Mississippi, Ohio, Oklahoma, Pennsylvania, Texas, and West Virginia. What Is Cesium-137? Cesium-137, or Cs-137, is produced by nuclear fission and is a byproduct of nuclear reactors or nuclear weapons. Cs-137 was one of the primary concerns after the Chernobyl nuclear disaster in 1986. The Fukushima Daiichi nuclear disaster in 2011 also released Cs-137 into the environment, exposing many fish and other wildlife in the Pacific to the isotope—including migratory fish like the Pacific bluefin tuna and albacore tuna, according to the National Oceanic and Atmospheric Administration. People are exposed to Cs-137 every day due to trace amounts left in the atmosphere from past nuclear weapons tests in the 1950s and 1960s, according to the Centers for Disease Control, but this exposure poses much less of a risk compared to concentrated exposure over long periods of time through contaminated food and water. This type of exposure could damage a person’s cells and DNA, the FDA warned in a recent alert. The level of Cs-137 found in the shrimp sample was also small, the FDA said, but it could lead to health risks when combined with exposure radiation in the environment and from other sources like medical procedures. Read More

The Australian Dollar depreciates as consumer optimism requires additional easing to continue. Australia’s Westpac Consumer Confidence jumped 5.7% in August to 98.5, its highest level since February 2022. President Trump has begun preparatory steps for a trilateral meeting with Russian President Putin and Ukrainian President Zelenskyy. The Australian Dollar (AUD) extends its losses for the second consecutive session on Tuesday. The AUD/USD pair depreciates despite an improved Westpac Consumer Confidence, which surged 5.7% in August to 98.5, following a 0.6% increase in July. The sentiment has reached a high since February 2022, as the Reserve Bank of Australia (RBA) has delivered rate cuts totaling 75 basis points since January. Matthew Hassan, Head of Australian Macro-Forecasting, said the prolonged period of consumer pessimism may be coming to an end, although maintaining momentum could require additional easing. However, he emphasized that policymakers are under no immediate pressure to deliver further cuts. The AUD/USD pair depreciates as the US Dollar (USD) continues to improve amid geopolitical developments. US President Donald Trump would begin the preparation steps for a trilateral meeting between Russian President Vladimir Putin, Ukrainian President Volodymyr Zelenskyy, and himself at some point soon. Trump also said that Putin agreed to accept security guarantees, and there is a need to discuss possible territory exchanges. Australian Dollar declines as US Dollar steadies amid geopolitical developments The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is gaining ground for the second consecutive session and trading around 98.20 at the time of writing. Traders await the Jackson Hole Economic Policy Symposium, with Fed Chair Jerome Powell’s speech for guidance on a September policy decision. Ukraine’s President Volodymyr Zelenskyy late Monday emphasized the need for true peace and welcomed US involvement in security guarantees. Zelenskyy also confirmed major US arms purchase plans. Furthermore, US Secretary of State Marco Rubio said on Tuesday that he would work with European allies and non-European countries on security guarantees for Ukraine. The Trump administration has broadened its 50% tariffs on steel and aluminum imports, taking effect on August 18. Friday’s notification has included 407 new product codes in the US Harmonized Tariff Schedule. US President Donald Trump also told reporters he intends to issue further announcements on steel tariffs, along with new levies aimed at semiconductor imports. Recent US economic data keeps intact the dovish tone surrounding the US Federal Reserve’s (Fed) policy outlook. CME’s FedWatch tool suggests that markets are pricing in 84% odds of a 25 basis point Fed rate cut in September. US Treasury Secretary Scott Bessent said in an interview on Wednesday that short-term Fed interest rates should be 1.5-1.75% lower than the current benchmark rate at an effective 4.33%. Bessent added that there is a good chance the central bank could opt for a 50-basis-point rate cut in September. US Treasury Secretary Scott Bessent said on Wednesday that US and Chinese trade officials will meet again within the next two to three months to discuss the future of their economic ties. “The US would need to see sustained progress on curbing fentanyl flows from China, potentially over months or even a year, before considering tariff reductions,” Bessent said. The Reserve Bank of Australia (RBA) delivered a 25 basis points (bps) interest rate cut on Tuesday, as widely expected, bringing the Official Cash Rate (OCR) to 3.6% from 3.85% at the August policy meeting. Australian Dollar moves below confluence zone around 0.6500 AUD/USD is trading around 0.6490 on Tuesday. The technical analysis on the daily chart suggests that short-term price momentum is weaker as the pair is positioned below the nine-day Exponential Moving Average (EMA). Moreover, the 14-day Relative Strength Index (RSI) remains below the 50 level, suggesting that market bias is bearish. On the downside, the AUD/USD pair may navigate the region around the two-month low of 0.6419, recorded on August 1, followed by the three-month low of 0.6372. The immediate barrier appears at the psychological level of 0.6500, aligned with the 50-day EMA at 0.6502 and the nine-day EMA at 0.6503. A break above this crucial resistance zone could improve the medium- and short-term price momentum and support the pair to target the monthly high at 0.6568, reached on August 14, followed by the nine-month high of 0.6625, which was recorded on July 24. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.06% -0.02% -0.04% 0.00% 0.12% -0.03% -0.11% EUR 0.06% 0.03% -0.10% 0.08% 0.08% 0.04% -0.04% GBP 0.02% -0.03% -0.28% 0.04% 0.10% 0.00% -0.08% JPY 0.04% 0.10% 0.28% 0.14% 0.25% 0.06% 0.02% CAD -0.01% -0.08% -0.04% -0.14% 0.11% -0.04% -0.12% AUD -0.12% -0.08% -0.10% -0.25% -0.11% -0.09% -0.17% NZD 0.03% -0.04% -0.00% -0.06% 0.04% 0.09% -0.08% CHF 0.11% 0.04% 0.08% -0.02% 0.12% 0.17% 0.08% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level

Silver price struggles amid improved sentiment following White House meeting. Trump and Zelenskyy expressed hope that the meeting would pave the way for trilateral talks with Russian President Putin. The non-interest-bearing Silver could attract buyers as recent US data keep intact the dovish tone surrounding the Fed policy outlook. Silver price (XAG/USD) remains subdued for the fourth successive session, trading around $38.00 per troy ounce during the Asian hours on Tuesday. Silver prices face challenges amid dampened safe-haven demand, driven by positive signals toward a possible resolution of the Ukraine-Russia war. US President Donald Trump and Ukrainian President Volodymyr Zelenskyy both hoped that Monday’s gathering would eventually lead to three-way talks with Russian President Vladimir Putin. The meeting was also attended by key European leaders, including French President Emmanuel Macron, German Chancellor Friedrich Merz, European Commission President Ursula von der Leyen, and UK Prime Minister Keir Starmer. Trump wrote on social media that he had spoken with the Russian leader and begun arranging a meeting between Putin and Zelenskyy, to be followed by a trilateral summit with all three presidents. According to Reuters, citing a European delegation source, Trump told European leaders that Putin had suggested this sequence. While the Kremlin has not publicly confirmed its agreement, a senior Trump administration official said the Putin-Zelenskyy meeting could be held in Hungary. However, the price of the grey metal could gain ground as recent US economic data keeps intact the dovish tone surrounding the US Federal Reserve’s (Fed) policy outlook. CME’s FedWatch tool suggests that markets are pricing in 84% odds of a 25 basis point Fed rate cut in September. Traders will likely observe the Jackson Hole Economic Policy Symposium due later in the week. Fed Chair Jerome Powell’s speech will also be eyed for guidance on the Fed’s September policy outlook. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Read More

Gold prices rose in United Arab Emirates on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 394.04 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 393.50 it cost on Monday. The price for Gold increased to AED 4,596.00 per tola from AED 4,589.66 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 394.04 10 Grams 3,940.40 Tola 4,596.00 Troy Ounce 12,255.11 Daily Digest Market Movers: Gold benefits from bets for an imminent rate cut by the Fed in September Traders trimmed their bets for a jumbo interest rate cut by the Federal Reserve in September following last Thursday’s release of a hotter US Producer Price Index, which rose in July at the fastest monthly pace since 2022. Moreover, the preliminary data from the University of Michigan showed on Friday that the one-year inflation expectations climbed to 4.9% from 4.5% and the five-year forecast increased to 3.9% from 3.4%. The data indicates a gain of momentum in price pressures and backs the case for a hawkish Fed, which, in turn, is seen acting as a headwind for the non-yielding Gold. Traders, however, are still pricing in a nearly 85% chance that the US central bank will lower borrowing costs in September and deliver at least two 25 basis points rate cuts by the year-end. This keeps a lid on the US Dollar and lends support to the commodity. Meanwhile, the S&P Global Ratings agency affirmed the US ‘AA+/A-1+’ sovereign ratings while maintaining a ‘Stable’ outlook on steady, albeit high, deficits. The agency expects US net general government debt to approach 100% of GDP, given structurally rising nondiscretionary interest and aging-related expenditure. The agency further noted that the outlook indicates fiscal deficit outcomes won’t meaningfully improve, but doesn’t project persistent deterioration over the next several years. On the geopolitical front, Russian President Vladimir Putin has agreed to meet Ukrainian President Volodymyr Zelenskyy for a peace summit. This raises hopes for a breakthrough towards ending the protracted Russia-Ukraine war and might cap any meaningful appreciation for the safe-haven precious metal. Traders might also opt to wait for more cues about the Fed’s rate-cut path before placing fresh directional bets. Hence, the focus will remain glued to the release of the FOMC meeting Minutes on Wednesday and Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium. Apart from this, traders will take cues from flash PMI prints on Thursday, which will be looked to for fresh insight into the global economic health. This, in turn, might infuse some volatility around the XAU/USD pair during the latter part of the week. In the meantime, Tuesday’s US housing market data – Building Permits and Housing Starts – might do little to influence the precious metal. That said, comments from influential FOMC members would drive the USD demand, which, along with the broader risk sentiment, should contribute to producing short-term trading opportunities around the XAU/USD pair. FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (An automation tool was used in creating this post.) Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your

USD/CAD regains some positive traction on Tuesday, though it lacks bullish conviction. Bearish Crude Oil prices undermine the Loonie and support the pair amid a USD uptick. Traders opt to wait for more cues about the Fed’s rate-cut path before placing fresh bets. The USD/CAD pair climbs back above the 1.3800 mark during the Asian session on Tuesday, though it lacks bullish conviction and remains below an over two-week high touched the previous day. Moreover, a combination of diverging forces might hold back traders from positioning for any meaningful appreciating move for spot prices. Crude Oil prices meet with a fresh supply amid the optimism over planned three-way peace talks between Russia, Ukraine, and the US, which could lead to an end to sanctions on Russian crude. This, along with persistent trade-related uncertainty and the Bank of Canada’s (BoC) dovish tilt, undermines the commodity-linked Loonie. Apart from this, a modest US Dollar (USD) uptick acts as a tailwind for the USD/CAD pair. In fact, US President Donald Trump raised tariffs on Canadian goods from 25% to 35%. Moreover, the White House announced a 40% transshipment tariff on goods rerouted through third countries to avoid the duties. Adding to this,  the BoC left the door open for further interest rate cuts in the coming months. This, in turn, is seen weighing on the Canadian Dollar (CAD) and offering some support to the USD/CAD pair. Meanwhile, any meaningful USD upside seems elusive amid the growing acceptance that the US Federal Reserve (Fed) will resume its rate-cutting cycle in September. Traders also seem reluctant and opt to wait for more cues about the Fed’s rate-cut path. Hence, the focus will remain on the FOMC meeting Minutes, due for release on Wednesday, and Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium. The aforementioned fundamental backdrop makes it prudent to wait for strong follow-through before placing fresh bullish bets around the USD/CAD pair. That said, the emergence of some dip-buying on Tuesday and acceptance above the 100-day Simple Moving Average (SMA) backs the case for some meaningful upside for spot prices. Hence, any corrective pullback could be seen as a buying opportunity and remain limited. Canadian Dollar FAQs The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any

GBP/USD softens to near 1.3500 as traders pare bets on Fed rate cut The GBP/USD pair trades on a softer note near 1.3500 during the early European session on Tuesday. The US Dollar (USD) posts modest gains against the Pound Sterling (GBP) as traders pared bets on a rate cut at the US Federal Reserve (Fed) September 16-17 meeting. The UK July Consumer Price Index (CPI) inflation report will take center stage later on Wednesday. A report last week showed that the US Producer Price Index (PPI) increased by the most in three years in July amid a surge in the costs of goods and services. This, in turn, prompted traders to reduce expectations of rate reduction, supporting the Greenback.  The Fed is expected to cut interest rates in September and once more this year, according to most economists from the Reuters poll. Read more… GBP/USD softens ahead of data-heavy week GBP/USD saw a softer start to the new trading week, easing back around four-tenths of one percent through the opening market sessions. The US Dollar (USD) pared some of last week’s overall losses, trimming near-term gains for the Pound Sterling (GBP) on Monday. The week starts on a quiet note, with little of note on the data docket. That all changes on Wednesday, with a fresh salvo of key economic data from the United Kingdom (UK) and the start of this year’s Jackson Hole Economic Symposium hosted by the Federal Reserve (Fed) Bank of Kansas. Read more… GBP/USD holds near 1.3540 as traders await Ukraine-Russia outcome, Powell speech GBP/USD steadies during the North American session, down a minimal 0.08% amid a scarce economic docket on both sides of the Atlantic. Nevertheless, market participants are optimistic due to a possible ceasefire or a peace agreement between Ukraine and Russia, following the Trump-Putin meeting on Friday and ahead of the talks between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy later on Monday. The pair trades around 1.3540 at the time of writing. Geopolitics are setting the tone at the beginning of the week, though US data, the Federal Reserve (Fed) Chair Jerome Powell’s speech at Jackson Hole, and inflation figures in the UK might set the tone for the week. Read more… Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Read More

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