Trump says oil prices need to be further reduced, and US continuing jobless claims data shows a big mistake!

· The UK and Japan increased their holdings of US Treasury bonds in July, while mainland China reduced its holdings. This news is negative for the US dollar. · The Bank of England voted 7-2 to keep interest rates unchanged at 4% and reduced the pace of quantitative tightening from £100 billion to £70 billion. The bank's governor, Bailey, stated that he still expects further interest rate cuts. This news is negative for the US dollar. · U.S. continuing jobless claims data had a major blunder, with one state's data underestimated by nearly 20,000 people. This news is negative for the U.S. dollar.