Trump Announces Trade Deal with South Korea: What It Means for Global Markets and Forex Traders
In a move that caught both markets and political observers by surprise, former U.S. President Donald Trump announced via social media: “WE DID REACH A DEAL ON TRADE WITH SOUTH KOREA.”
U.S. Employment Costs Rise Slightly in July at 0.3 Percent
On August 1, 2025, the Bureau of Labor Statistics released its Employment Cost Index (ECI) report, showing that labor costs rose 0.3% in July. This matched market forecasts of 0.3% and edged slightly above the previous month’s 0.2%.