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Trump in focus as ex-FBI chief Comey's Russia hearing begins (news: 08/06/17)

Today's press

  • Former FBI Director James Comey will tell U.S. lawmakers at a hearing that began on Thursday that President Donald Trump repeatedly urged him to halt a probe into his former national security adviser's ties to Russia and to declare publicly that Trump himself was not being investigated.

  • A financial expert, Prof. Uche Uwaleke, says the Central Bank of Nigeria’s (CBN) sustained intervention of pumping dollars in the FOREX market is already manifesting positively in many sectors of the economy.

  • Foreign exchange moves were relatively muted in Asia trade ahead of Thursday’s general election in the UK.

  • The number of Americans filing for unemployment benefits fell last week, unwinding half of the prior period's jump and suggesting the labor market was tightening despite a recent slowdown in job growth.

  • Currency markets marked time in Asian trade as investors prepared for a busy 24 hours of event risk on the horizon. Most critically, the UK general election will decide who leads on-coming Brexit negotiations and ousted FBI director James Comey will testify in Congress, which may stoke renewed US political instability worries if senior White House officials appear to be implicated in some sort of wrongdoing.

Next trading day's important events

Forex quotes:

  • USDJPY: 110.25
  • EURUSD: 1.1201

Indices:

  • S&P 500: 2432.97
  • NASDAQ: 6294.09

 



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