PERU: Gov’t Preparing Defence Bill, Prosecutors Raid Home Of President’s Brother
Aug-28 12:27
- President Boluarte announced yesterday that the Government is preparing a bill for the defence of national sovereignty. In a speech during a ceremony for National Defence Day, Boluarte said that "we are aware that new threats to our sovereignty have emerged, and it is imperative that the state defends itself, not only in terms of territorial integrity, but also in the full applicability of our Constitution and our laws.”
- In other news, a Special Prosecutors' Team Against Corruption in Power raided the apartment of the President’s brother, Nicanor Boluarte, yesterday, according to a report in Andina. The raid was said to target over 10 additional properties, including public offices and properties belonging to Boluarte's close associates. Transportation and Communications Minister Cesar Sandoval said that the operation was a political persecution aimed to emotionally influence President Boluarte.
- On the macro front, there are no data due today, with the next tier-one release being August CPI inflation on Sep 1, ahead of the next BCRP MPC meeting on Sep 11.
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Jul-29 12:21
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US: MNI POLITICAL RISK - Trump Increases Pressure On Russia
Jul-29 12:20
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- President Donald Trump will depart the United Kingdom at 11:00 ET 16:00 BST, returning to the White House at 19:20 ET 00:20 BST.
- EPA Administrator Lee Zeldin is expected to announce a new Trump administration proposal to overturn a 16-year-old climate rule that has guided government policy.
- European officials are downplaying investment pledges touted by Trump in the US-EU trade deal he struck with European Commission President Ursula von der Leyen in Scotland.
- Treasury Secretary Scott Bessent will resume talks with his Chinese counterpart in Sweden. The talks are likely to result in another 90-day extension to the tariff and export control truce agreed in May.
- USTR Jamieson Greer said “more negotiations” will be needed with India, as hopes fade for a trade deal before the August 1 tariff deadline.
- The Commerce Department is considering a plan to raise revenue via patent fees. Senator Josh Hawley (R-MO) introduced legislation to provide tariff rebate checks.
- The Senate Banking Committee is expected to advance its first bipartisan housing bill in over 10 years today.
- The odds of new US sanctions on Russia spiked to nearly 70% yesterday after Trump indicated he could impose penalties as soon as August 7.
- Trump hinted at a break with Israeli Prime Minister Benjamin Netanyahu, appearing to contradict the PM by acknowledging a humanitarian crisis in Gaza.
- Poll of the Day: Netanyahu’s favorability rating among US adults hit a new low.
Full Article: US DAILY BRIEF
USD: Another round of Buying lifts the USD back to session highs
Jul-29 12:17
- Another round of buying is going through the Dollar, and that's despite the lower Yields today.
- Extension higher in the USDJPY will now open risk towards 149.00 next.
- EURUSD is still resisting and finding some demand ahead of the earlier printed low of 1.1527, but most will look for the next support at 1.1500.
- AUD, CAD, CZK, PLN, NZD, SEK, NOK are all hovering at session lows.
