If Biden delays the evacuation of US forces, the Taliban has threatened ‘consequences’.

President Biden stated last week that all military soldiers would leave Afghanistan on August 31. Senior Taliban leaders have stated that extending it would imply that they are extending occupation, which is unnecessary.

It comes as Boris Johnson prepares to make a personal plea to Joe Biden to prolong the deadline for US troops to leave Afghanistan in order to allow more civilians to flee the Taliban’s reign of terror. Desperate situations are developing at Kabul International Airport, where people are willing to leave everything behind and risk their lives in order to flee life under the militant group’s reign.

Business activity in Germany’s private sector grew considerably in August, though at a somewhat slower pace than in July. Meanwhile, the poll found that employment levels are continuing to rebound quickly, owing to rising demand and high company optimism in the future. However, inflationary pressures remained high in August, with a near-record increase in company costs leading to yet another strong rise in average prices charged for products and services.

When the Reserve Bank of New Zealand reviews rates again in October, analysts in the country predict that the Reserve Bank will begin its delayed round of interest rate hikes. They do admit, though, that a lot relies on how the current Covid outbreak plays out. And as a result of the outbreak, one independent global economics research group now predicts that the RBNZ will not begin raising rates until May of next year.

Economic Calendar

08:00EUR Markit Manufacturing PMI (AUG)6262.4
08:00EUR Markit Services PMI (AUG)59.859.8
08:00EUR Markit PMI Composite (AUG)59.760.2
12:30USD Chicago Fed National Activity Index (JUL)0.09
13:45USD Markit Services PMI (AUG)59.459.9
14:00EUR Consumer Confidence (AUG)-5-4.4
22:45NZD Retail Sales (QoQ)(Q2)2%2.5%

*All rates shown are indicative of interbank rates and should only be used for indication purposes only. It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold. Rates are correct as of 8:00am UK time. CentralFX are not responsible for the rates shown.