Market News

President claims the joint exercises send a ‘hostile’ message to North Korea

Trump instructs Pentagon to reduce military exercises with South Korea Reuters

Gold was steady as traders weighed the competing impacts of cooling US economic data and energy-led inflation pressure on the Federal Reserve’s interest-rate path.

Shipping slows through Strait of Hormuz after tanker attacks, data shows Reuters

A nascent rally in the Thai baht may be short-lived as the central bank is likely to maintain a dovish policy stance to support an economy hit by elevated oil prices, according to analysts.

President Donald Trump said he told the Pentagon to “substantially reduce” joint military exercises with South Korea, citing the cost of the drills and the signal they send to North Korea. Bloomberg's John Herskovitz breaks down the situation. (Source: Bloomberg)

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