The dollar was steady after earlier gains and Deutsche Bank said the U.S. core inflation data seemed to settle the debate over whether the Federal Reserve will start cutting rates by 25 basis points or 50 basis points in September, in favor of a 25bp move.
Oil rose after Hurricane Francine moved through key production areas in the Gulf of Mexico, causing producers to shut a fourth of their operations in the region that produces around 15%-17% of total U.S. output, but Swissquote Bank said it was far from enough to push...
Moves to enshrine the Reserve Bank of Australia’s independence in the mid-1990s was viewed as a big step forward as it freed central bankers from political influence. But there are moves under way to tug on their reins.
