SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Australia Jobs Growth Strengthens Rate Hike Outlook 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
The U.S. dollar hovered near a two-week low on Friday, heading for its steepest weekly drop in a month as investors weighed ongoing U.S. tariff negotiations and awaited key central bank meetings next week. Both the Federal Reserve and the Bank of Japan are expected to hold rates steady, but traders will scrutinize post-meeting comments for signals on future policy moves.
The yen traded at 147.10 per dollar, poised for a 1% weekly gain—its strongest since mid-May—after a U.S.-Japan trade deal reduced tariffs on auto imports to 15%. Economists polled by Reuters anticipate the BOJ will raise rates by 25 basis points this year. The dollar index stood at 97.448, set for a 1% weekly decline, while the euro held at $1.1754, near a four-year high of $1.183. The euro has surged 13.5% this year amid shifting U.S. trade policies.
Hopes for broader trade agreements grew after U.S. Treasury Secretary Scott Bessent confirmed upcoming talks with Chinese officials in Stockholm. The Australian dollar hovered near an eight-month high at $0.6593, supported by improved risk sentiment.
Markets largely dismissed President Donald Trump’s rare visit to the Fed, where he clashed with Chair Jerome Powell over renovation costs and pushed for rate cuts. Fed policymakers are expected to keep rates at 4.25%-4.50%, with futures pricing in 43 basis points of cuts by year-end. Analysts at ANZ forecast 25-basis-point cuts in September and December, citing slowing demand, labor market weakness, and easing service inflation.
Bitcoin slipped 0.79% to $117,840, while Ethereum fell 2% to $3,655, mirroring broader risk sentiment as traders await clarity from upcoming policy decisions.
