The US dollar remained range-bound as risk appetite improved and political noise around the Federal Reserve eased. After steady inflation numbers, traders are content to wait for the next major catalyst. For now, the dollar is treading water…
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The fallout from the Trump administration’s attack on the Federal Reserve reached epic proportions yesterday as a global group of policymakers, including The Bank of England’s Andrew Bailey, issued an unprecedented joint show of support for the independent…
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The dollar weakened as traders weighed the fallout from the White House’s confrontation with the Federal Reserve. Safe-haven demand drove gold higher, while attention now turns to US inflation data — the next key test of the Fed’s…
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The euro edged higher after the ECB joined its global peers in defending Fed chair Jerome Powell. Investors saw the statement as a sign of institutional unity, while Germany’s steady industrial recovery and inflation easing to 2% provided…
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The pound held its ground as traders looked past softer UK retail and spending figures. Consumer spending in December fell at its sharpest pace since 2021, but sterling’s stability suggests markets are waiting for this week’s GDP report…
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Global financial institutions took the unusual step of closing ranks on Monday, issuing a coordinated defence of the US Federal Reserve’s independence amid deepening tension between President Trump and Fed chair Jerome Powell. The joint statement, signed by…
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US dollar investors have long worried about the prospect of the White House trampling over the Federal Reserve’s independence. Political pressure on rate-setters eroded confidence in the dollar last year, but the latest salvo marked a new phase…
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Rather than provide clarity, last week’s European inflation reports muddied the picture for the European Central Bank (ECB) somewhat. With headline inflation falling below target in large member-state economies, the euro was weighed down a little to start…
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