United States API Weekly Crude Oil Stock registered at 1.5M above expectations (-0.8M) in August 8

Aug 12, 2025

Treasury Secretary Bessent: Fed should look at 50 bps cut in September

US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad.

EUR/USD rises towards 1.1700 on soft US CPI, Fed rate-cut bets increase

The EUR/USD rises during the North American session, following the release of mixed inflation figures in the United States (US) and US President Donald Trump’s threats to sue the Fed Chair Jerome Powell. At the time of writing, the pair edges up 0.50% at 1.1673.