USA News

The Trump administration has proposed increasing application fees for U.S. citizenship, raising costs from $760 to $1,330 for paper applications and from $710 to $1,280 for online submissions. The plan eliminates fee waivers and reductions for low-income applicants while maintaining exemptions for service members. Public comments on the proposal will be accepted for 60 days.

The pound’s recent strong rally has slowed, with traders looking for direction in a quiet week for UK economic data. Sterling is down 0.2% against the dollar, trading around $1.311, after losing over 1% in the past five days. 

The dollar is near a two-week high ahead of key US data, including manufacturing PMI and Friday’s jobs report. These figures will influence whether the US Federal Reserve cuts rates by 25 or 50 basis points in September.

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