Dollar Strengthens as Markets Eye Fed Independence

Unsurprising July PCE inflation in the U.S. keeps the dollar on an upward swing, while markets watch President Trump's attempt to strong-arm the Fed into cutting interest rates. Governor Waller reiterates his dovish stance.

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29 Aug, 2025
/ 14:13

Losses for the Greenback Ahead of an Expected Rate Cut in September

Despite a positive second estimate for last quarter’s GDP, the dollar remains under pressure.

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29 Aug, 2025
/ 13:52

Citigroup Says to Boost Bets Against Long Bonds on Risks to Fed

Investors should add “a small position” in Citigroup’s existing wager that 30-year interest-rate forwards will trail five-year tenors, steepening the yield curve as the gap between the two widens, strategists including Adam Pickett and Dirk Willer, wrote in a note Wednesday. “Fears of a weakening of the Fed’s independence has two main market release valves in our view: weaker USD and steeper curve,” the strategists wrote in a note.

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27 Aug, 2025
/ 20:24

Dollar Boosted by Higher T-note Yields

The dollar index (DXY00 ) today is up by +0.37%. The dollar is moving higher today due to an increase in T-note yields, which strengthened the dollar's interest rate differentials. Also, weakness in the euro today is supportive of the dollar after EUR/USD fell to a 3-week low. Gains in...

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27 Aug, 2025
/ 14:47

Dollar clings to gains with focus on Fed policy as French politics cloud euro

NEW YORK (Reuters) -The dollar clung to gains against the euro and the yen on Wednesday, paring much of the strength made earlier in the day as investors focused on upcoming U.S. economic data for policy cues, even as worries persist over the Federal Reserve's independence. The euro touched its weakest level since August 6 and was last down 0.09% at $1.1631. In U.S. afternoon trading, the dollar index, which measures the greenback against a basket of currencies, alternated between gains and losses and was last up 0.02% at 98.227.

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27 Aug, 2025
/ 01:06

What a Digital Euro on Ethereum or Solana Means for Europe’s Monetary Sovereignty

Europe’s push for a digital euro is colliding with U.S. stablecoin momentum, forcing policymakers to weigh the risks of public blockchains.

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27 Aug, 2025
/ 00:29

Duty-free no more: Parcels worth under $800 no longer qualify for a US tariff exemption

Low-value imports lost their duty-free status in the United States on Friday as part of President Donald Trump's agenda for making the nation less dependent on foreign goods and resetting global trade with tariffs. An executive order eliminated a widely used customs exemption for international shipments worth $800 or less as of 12:01 a.m. Eastern Daylight Time, nearly two years earlier than the deadline set in the tax cuts and spending bill approved by Congress. Purchases that previously entered the U.S. without needing to clear customs will require vetting and be subject to their origin country's applicable tariff rate, which can range from 10% to 50%.

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26 Aug, 2025
/ 14:05

Dollar trades lower as Trump's move to fire Fed governor spooks investors

NEW YORK (Reuters) -The dollar fell against major currencies on Tuesday as President Donald Trump's unprecedented move to fire Federal Reserve Governor Lisa Cook renewed concerns over the central bank's independence. The dollar index, which measures the greenback against a basket of currencies, was down 0.28% at 98.19. Trump said he was removing Cook over alleged improprieties in obtaining mortgage loans, a step that could test the boundaries of presidential power over the Fed. In response, Cook said Trump has no authority to fire her from the central bank, and she will not resign.

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26 Aug, 2025
/ 01:23

Dollar jumps, but pain could be ahead after Powell opened door to rate cut: BofA

Investing.com--The U.S. dollar jumped Monday, but further gains are likely to prove challenging particularly against major European currencies, BofA said, pointing to growing bearish quant signals that suggest pain ahead in the wake of Federal Reserve Chair Jerome Powell’s dovish remarks at the recent Jackson Hole Symposium.

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25 Aug, 2025
/ 19:38

Dollar rebounds from slump spurred by Powell's dovish surprise

NEW YORK (Reuters) -The dollar advanced against major currencies on Monday, bouncing from a steep fall last week that followed remarks from Federal Reserve Chair Jerome Powell that boosted expectations for a rate cut next month. The dollar index, which measures the greenback against a basket of currencies, rose 0.49% to 98.32, and was on track for its biggest daily percentage gain since July 30, with the euro down 0.69% at $1.1634, after hitting a four-week high of $1.174225 on Friday. Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, expect a 25-basis-point Fed rate cut in September following Powell's remarks on Friday when he said risks to the U.S. jobs market were rising, although he also said inflation remained a threat.

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25 Aug, 2025
/ 00:41

Digital euro may launch on Ethereum or Solana as Brussels scrambles for sovereignty

The European Union is accelerating work on a digital euro and is weighing public blockchains, including Ethereum and Solana, for issuance and settlement, per the Financial Times. The move follows passage of U.S. stablecoin legislation and a market dominated by dollar-pegged tokens, a backdrop that raises concerns inside European institutions about the euro’s role in […] The post Digital euro may launch on Ethereum or Solana as Brussels scrambles for sovereignty appeared first on CryptoSlate.

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22 Aug, 2025
/ 10:40

Dollar tumbles as Powell signals possible September rate cut

NEW YORK (Reuters) -The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to such a move. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was last down 0.96% on the day at 97.66, after trading around 98.7 before Powell's comments. "And if those risks materialize, they can do so quickly,” he told an audience of international economists and policymakers at the Fed’s annual conference in Jackson Hole, Wyoming.

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22 Aug, 2025
/ 01:36

European Business Takes Trump Tariffs in Stride

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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21 Aug, 2025
/ 14:45

Dollar Moves Lower with T-Note Yields

The dollar index (DXY00 ) on Wednesday fell by -0.05%. The dollar fell from a 1-week high on Wednesday and turned slightly lower on a decline in T-note yields. Also, political risks and concerns about Fed independence weighed on the dollar after President Trump called for Fed Governor Lisa Cook...

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20 Aug, 2025
/ 19:34

Dollar Falls as Trump Calls for Fed Governor Cook to Resign

The dollar index (DXY00 ) today is down by -0.12%. The dollar fell from a 1-week high today and turned lower on political risks and concerns about Fed independence after President Trump called for Fed Governor Lisa Cook to resign amid a probe into two personal mortgages. FHFA Director Pulte...

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20 Aug, 2025
/ 14:30

Signs of Peace Progress in Ukraine Boosts the Euro and Weighs on the Dollar

The dollar index (DXY00 ) today is down by -0.08%. The dollar is under pressure today from lower T-note yields. Also, signs of progress in peace talks over Ukraine are boosting EUR/USD at the expense of the dollar. Losses in the dollar are limited due to concern that last week's...

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19 Aug, 2025
/ 14:29

Morning Bid: Caution on Ukraine, eyes on Jackson Hole

Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.S. housing market on Tuesday and this week's Federal Reserve conference in Jackson Hole dominated thinking. European stock benchmarks nudged higher and the defence sector slipped after U.S. President Donald Trump told his Ukrainian counterpart Volodymyr Zelenskiy that Washington would help guarantee Ukraine's security in any peace deal to end Russia's war. Germany said Zelenskiy and Russian President Vladimir Putin would meet within the next two weeks.

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19 Aug, 2025
/ 10:38

Ireland’s Export-led Economy Looks Robust Enough to Withstand Higher US Trade Tariffs for Now

Higher US tariffs on EU imports represent an external headwind for Ireland’s export and corporate-tax dependent economy, but the 15% tariff looks manageable without materially weakening Ireland’s public finances.

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18 Aug, 2025
/ 20:22

Is it better to rent or buy as interest rates fall? Readers have their say

Falling UK interest rates have led to lower mortgage costs, which means buying may be a better option than renting.

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15 Aug, 2025
/ 14:02

A Trader’s Guide to the Alaska Talks Between Trump and Putin

In the run-up to the talks, investors have been piling into assets that could stand to benefit from either a ceasefire in Ukraine or an easing of sanctions on Russia. Ukrainian government bonds have rallied, alongside shares of companies that would benefit from the reconstruction of Ukraine and European banks that still have a presence in Russia.

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15 Aug, 2025
/ 08:20

Eurozone inflation hits 2% ECB target after June interest rate cut

Services inflation was estimated to be the biggest driver of price rises, clocking a 3.3% rise. Food, alcohol and tobacco prices also ticked up 3.1%.

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01 Jul, 2025
/ 09:34

The EUR/USD Paradox: A Strong Euro in a Weak Economy

The euro is on a tear. It’s climbed to its highest level since late 2021, brushing up against the $1.16 mark.

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27 Jun, 2025
/ 12:54

Challenges for the Pound After Inflation and GDP Edge Down

Despite a generally strong job report, the pound has held close to recent lows.

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24 Jan, 2025
/ 10:52

Sterling slumps to new low; gilt yields soar

Higher bond yields would usually support the country’s currency, but there are fears that the rising costs needed to support UK government debt could lead to further tax increases or spending cuts, hindering the chances of an economic recovery. Markets "continue to function in an orderly way" and movements in government borrowing costs were being driven by "a wide range of international and domestic factors," he added.

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09 Jan, 2025
/ 13:25

Further Losses for the Euro After the ECB Cuts Rates as Expected

Inflation below target suggests that the cycle of loosening will probably continue up to summer 2025.

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21 Oct, 2024
/ 13:00