News
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Trump says he would love for Fed Chair Powell to resign
By Kanishka Singh WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump said he would love for Federal Reserve Chair Jerome Powell to resign but acknowledged that many have said it would disrupt the markets if the president were to remove him.Trump made the comments in an interview with the...Reuters
Wed, Jul 16
EUR/USD rebounds as Trump threatens Fed’s independence, soft PPI weighs on USD
The EUR/USD holds to earlier gains of 0.25% on Wednesday after US President Donald Trump threatened to remove the Federal Reserve (Fed) Chair Jerome Powell. This, along with a softer-than-expected inflation report on the producer side, capped the Euro’s advance versus the US Dollar.
Fxstreet
Wed, Jul 16
Australia unemployment rate expected to hold steady in June
Australia is set to release the June employment report on Thursday at 1:30 GMT. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20,000 new job positions in the month, reversing the 2,500 lost positions announced in May.
Fxstreet
Wed, Jul 16
FOREX-Dollar drops in choppy trading as Trump denies plans to fire Fed's Powell
Trump denies media reports he will fire Fed Chair PowellProducer prices unchanged in JuneTraders price in rising odds of rate hikes this yearBy Karen Brettell NEW YORK, July 16 (Reuters) - The U.S. dollar fell but rose off its lows on Wednesday after U.S. President Donald Trump denied news report...Reuters
Wed, Jul 16
AUD/JPY eases from six-month high as Yen strengthens across the board
The Australian Dollar (AUD) is retreating against the Japanese Yen (JPY) on Wednesday as the Yen strengthens broadly against major currencies. After rising steadily since last week, the AUD/JPY pair is now down over 1% from Tuesday’s six-month high of 97.43, a level last seen on January 28.
Fxstreet
Wed, Jul 16
FOREX-Dollar pares earlier drop as Trump denies plans to fire Fed's Powell
Trump denies media reports he will fire Fed Chair PowellProducer prices unchanged in JuneTraders price in rising odds of rate hikes this yearBy Karen Brettell NEW YORK, July 16 (Reuters) - The U.S. dollar pared a sharp earlier drop on Wednesday after U.S. President Donald Trump denied news report...Reuters
Wed, Jul 16
USD/JPY retreats as Trump-Powell tensions cap gains
The Japanese Yen (JPY) is attempting to recover a portion of recent losses against the US Dollar (USD) on Wednesday expectations that US President Donald Trump would fire Federal Reserve (Fed) Chair Jerome Powell heated up and then died down.
Fxstreet
Wed, Jul 16
CANADA FX DEBT-Canadian dollar rebounds as Fed leadership speculation hits greenback
Canadian dollar gains 0.2% against the greenbackTouches its weakest since June 27 at 1.3755Bond yields trade mixed across a steeper curveBy Fergal Smith TORONTO, July 16 (Reuters) - The Canadian dollar recovered on Wednesday from a near three-week low as media reports that U.S. President Donald T...Reuters
Wed, Jul 16
Brazil urges trade talks with U.S. after Trump tariff hike
BRASILIA/SAO PAULO, July 16 (Reuters) - Brazil on Wednesday urged the U.S. to respond to a trade proposal submitted in May, reaffirming its openness to a "mutually acceptable" deal after U.S. President Donald Trump announced a 50% tariff on Brazilian goods starting in August.In a joint state...Reuters
Wed, Jul 16
EUR/USD gains ground after Trump hints at firing Fed Chair Powell
The Euro jumps against the US Dollar on Wednesday, with EUR/USD surging to 1.1721 after reports emerged that US President Donald Trump asked a group of House Republicans whether he should fire Federal Reserve (Fed) Chair Jerome Powell.Fxstreet
Wed, Jul 16
FOREX-Dollar pares earlier drop as Trump denies plans to fire Fed's Powell
By Karen Brettell NEW YORK, July 16 (Reuters) - The U.S. dollar tumbled on Wednesday on news reports that U.S. President Donald Trump is planning to fire Federal Reserve Chair Jerome Powell, but pared the drop after Trump denied the plans. Trump said that he is not planning on doing a...Reuters
Wed, Jul 16
INSTANT VIEW-Dollar, Treasury prices tumble after report Trump to fire Fed's Powell
LONDON/NEW YORK, July 16 (Reuters - The dollar fell sharply on Wednesday after Bloomberg, citing an unidentified White House official, reported U.S. President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon.The dollar fell by as much as 0.7% =USD against a basket of major cur...Reuters
Wed, Jul 16
Brazil says it remains ready to engage in dialogue with the US on tariffs
BRASILIA, July 16 (Reuters) - Brazil's government said on Wednesday it had sent a letter to U.S. authorities expressing its "indignation" over their decision to impose a 50% import tariff on all Brazilian exports, effective August 1. In a joint statement from the Foreign Affairs Ministry...Reuters
Wed, Jul 16
