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US dollar weakens sharply against the Japanese yen after market interventions

TOKYO, August 3, 2026 (AP) — The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets. Before late last week, the dollar was trading above 163 yen, touching 40-year highs. After regulators were suspected of stepping in, it fell below 160 yen. Early Monday, after the official announcement of the intervention, the dollar dropped about 1% to 156.34 yen. That’s a big change for the exchange rate. The yen’s prolonged weakness against the dollar has been a source of frustration for Tokyo. Since Japan

Oil retreat to provide RBI’s rupee-support efforts an extra boost

MUMBAI, Aug 3 (Reuters) – The Indian rupee’s recent recovery is set to continue on Monday, with a drop in crude oil prices reinforcing the ​positive momentum created by repeated RBI intervention. The currency is ‌expected to open in the 95.25 to 95.30 range, traders said, after settling at 95.38 per U.S. dollar on Friday. The rupee rallied 1.2% last week, aided ​largely by the Reserve Bank of India’s near-daily intervention through dollar ​sales across multiple levels, per bankers. The combination of RBI ⁠intervention and falling oil prices has shifted the narrative for the rupee ​from fears of a slide

Families say they are struggling to pay school fees – why are so many still choosing private schools?

August 3, 2026 (Conversation) This month, multiple news outlets have reported families’ concerns about rising private school costs during the cost-of-living crisis. It’s likely this trend will increase, as private school tuition fees rise faster than inflation. Why are families putting themselves under this pressure? What does it suggest about the broader Australian school system? Parents are struggling In Australia, on average, private school fees (including additional costs) sit at around $8,973 for each year of schooling per student. Costs can total over $100,000 over the course of an K-12 private school education. However, fee averages can differ across Australia.

Good things take time – but new research suggests mindfulness can make the wait easier

August 3, 2026 (Conversation) Ask someone if they’d rather take $5 today or $10 next week and they’ll know which option is better. Yet that idea of “today” can have a magnetic pull. It’s precisely the reason many shoppers purchase things they can’t afford yet through “buy now, pay later” schemes – and often regret it afterwards. We might put such unwise choices down to weak willpower or poor self-control. But our new research suggests something else may be going on: it’s not that our brains undervalue the future, but that they hate waiting. We have also found that mindfulness

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