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US Public Debt Outstanding Tops $40 Trillion for First Time
Total U.S. public debt outstanding surpassed $40 trillion for the first time on Tuesday, according to Treasury figures, after doubling since 2017.
US Dollar sinks below 99 as Treasury buyback weighs
The US Dollar Index came under broad selling pressure on Wednesday, dropping below the 99.00 area as markets positioned before a data-heavy Thursday.
iFOREX’s July Trading Income Fell to $720,000 From…
iFOREX has cut its 2026 profit outlook after July trading income collapsed 76.8% year over year, with the newly listed CFD broker pointing to two days of coordinated yen intervention that moved against its net client exposure. July trading income fell to approximately $720,000 from $3.1 million a year earlier. The board now expects adjusted EBITDA of just $0.5 million to $2.5 million for the full
Treasury Support and Falling Yields Fuel Bullish Precious Metals Sentiment
Stronger official signals of support for the U.S. bond market, falling yields, a weaker dollar, renewed ETF inflows and central-bank buying are lifting bullish sentiment across precious metals.
Gold Surges 3.6% Toward $4,500 as US Treasury Doubles Long-Dated Buybacks
Gold rallied 3.6% toward $4,500 after the US Treasury doubled long-dated bond buybacks to at least $4 billion per operation, pushing 30-year yields lower and weakening the dollar.
US Military Coordinates Tanker Moves With Gulf Partners as Fighters Shield Ships
U.S. forces are coordinating tanker movements with Gulf partners while fighter jets protect vessels from Iranian drones and cruise missiles, Axios reports.
US Opens Protected Shipping Corridor in Strait of Hormuz
U.S. forces are reportedly moving nearly 10 million barrels of oil per day through a protected corridor in the southern Strait of Hormuz, with 15–20 tankers transiting nightly.
US-Canada Trade Deal Seen Cutting Steel and Aluminum Tariffs to 25%
A source familiar with the talks said the expected U.S.-Canada trade deal would lower U.S. tariffs on Canadian steel and aluminum to 25%, with quota arrangements, and cut tariffs on Canadian autos to 15%.
US Ground Beef Hits Record $7.10 per Pound as Prices Jump 9% YoY
Average US ground beef prices rose 9% year over year in July to a record $7.10 per pound, while steak reached $13.10 per pound. Beef sales volumes slipped as consumers pulled back.
Silver surges as Treasury buyback plan sinks the dollar
Silver is trading sharply higher on Wednesday near $65.80 as a US Treasury buyback plan weighs on the dollar and fuels a broad precious metals rally.
Iran Says No Blocked Funds Released, Proposes BRICS Financial Corridor
Iran’s central bank governor says blocked assets have not yet been released under the current agreement, while Tehran is pushing for a new BRICS financial corridor.
USD/CHF Drops Nearly 2% as Treasury Buyback Sends Dollar Lower
USD/CHF fell almost 2% on Wednesday after a US Treasury buyback announcement pressured the dollar and Treasury yields.
Fractile Chip Startup Said to Discuss $6.5B Valuation and $600M Raise
Chip startup Fractile is reportedly in talks for a $6.5 billion valuation and a $600 million capital raise, following a $220 million round three months earlier.
FOMC July Minutes Flag Elevated Inflation
The Federal Reserve's July FOMC minutes, released Wednesday, show officials saw inflation as still elevated.
FOMC Minutes Show Officials Flag Elevated Inflation
The Federal Reserve's July meeting minutes show policymakers viewed inflation as still elevated based on information available at the time.
AUD/USD holds near two-and-a-half-month high on soft dollar
AUD/USD is trading around 0.7118, up 0.43% on Wednesday, supported by broad US dollar weakness and bullish technical signals.
US Steel and Aluminum Stocks Drop on Report of Halved Canada Tariffs
US steel and aluminum producers fell after a report that Washington may halve tariffs on Canadian steel and aluminum, with Nucor and Steel Dynamics down 6.2% each.
FOMC Minutes Show Policymakers See Inflation as Elevated
The Federal Reserve's July meeting minutes indicate officials viewed inflation as still elevated, keeping a cautious policy tone.
US Forces Redirect 65 Commercial Vessels in Iran Blockade Enforcement
U.S. Central Command says U.S. forces have redirected 65 commercial vessels, disabled three and boarded two as of August 19 while enforcing the blockade against Iran.
US Treasury Forced Into Shorter-Term, Higher-Cost Debt as Yields Surge
Washington is replacing longer-dated, lower-cost borrowing with shorter-term, more expensive debt as long-end rates climb, according to The Kobeissi Letter.
Netanyahu: Israel Acted After Turkey Sought Aleppo Airfield Presence
Israeli Prime Minister Netanyahu said Israel warned Turkey against establishing itself at an airfield near Aleppo, then took stronger action when the message was ignored.
Mexican Peso Hits Two-Year High as US Treasury Buyback Pressures Dollar
USD/MXN dropped to 16.95 after the peso reached a two-year high of 16.94, as falling US yields and a larger Treasury buyback weakened the dollar.
US and Canada Near Deal to Lower Steel and Aluminum Tariffs
A tentative agreement would cut US tariffs on certain Canadian steel and aluminum imports from 50% to 25%, with talks still ongoing.
Gold Nears $4,500 as US Dollar Slides
Gold is approaching $4,500 for the first time in over two years as the US dollar faces strong selling pressure on Wednesday.