EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
UK Businesses Urge Government to Cut Electricity Levies 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears 
China Industrial Output Beats Forecasts as Exports Support Growth 
China Home Prices Fall Again as Property Slump Drags on Growth 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
UK Economy Grows 0.4% in July, Beating Forecasts 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
Add as a preferred source on Google
South Korea aims to create 1.56 million jobs in the public sector to mitigate the impact of the coronavirus on the job market, says Finance Minister Hong Nam-ki.
The government will resume its plan to open about 1 million jobs in the public sector, hiring for which was delayed by the pandemic, by easing social distancing rules.
The rest of the jobs to be offered, amounting to 550,000, would be created by public firms for young people.
With hiring at a standstill and social activities curtailed to limit the spread of the coronavirus, economists predict that the worst has yet to come for the employees and job seekers.
Hong noted that job cuts suffered by the service sector appeared to be spreading to the manufacturing industry last month.
He added that safeguards would be in place to protect temporary and freelance jobs.
