by Ryan Morrison | Jan 14, 2026
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 independence and policy outlook....
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by Ryan Morrison | Jan 14, 2026
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 further support. GBP/EUR: the...
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by Ryan Morrison | Jan 14, 2026
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 before adjusting expectations...
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by Ryan Morrison | Jan 14, 2026
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 the heads...
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by Jonathan Cook | Jan 13, 2026
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 altogether. There is a...
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