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USD/JPY trades above 147.50, upside capped by Fed concerns
USD/JPY recovers its recent losses from the previous session, trading around 147.60 during the Asian hours on Wednesday. However, the upside of the pair could be restrained as the US Dollar (USD) may struggle amid rising concerns over Federal Reserve (Fed) independence.
Fxstreet
8 minutes ago
FOREX-Dollar weak as investors fret about Fed independence
Dollar weighed down by concerns over Fed independenceFed Governor Cook to file lawsuit to prevent Trump from firing herTwo-year U.S. Treasury yield falls to nearly four-month lowBy Rae Wee SINGAPORE, Aug 27 (Reuters) - The dollar struggled to gain ground on Wednesday as renewed investor worries a...Reuters
43 minutes ago
NZD/USD flat lines near 0.5850 on worries over Fed’s independence
The NZD/USD pair holds steady near 0.5860 during the early Asian session on Wednesday. Rising concerns over the Federal Reserve’s (Fed) independence could weigh on the US Dollar (USD) against the New Zealand Dollar (NZD).
Fxstreet
an hour ago
GBP/USD churns chart paper near key figures ahead of quiet session
GBP/USD rebounded from early-week losses on Tuesday, bouncing back up from a fresh technical floor near the 1.3450 level. Cable has been drifting within familiar technical levels as broad-market investor sentiment grinds to a halt ahead of key US economic figures.
Fxstreet
2 hours ago
USD/CAD weakens below 1.3850 amid renewed concerns over Fed's independence
The USD/CAD pair loses ground to near 1.3835 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Canadian dollar (CAD) amid fears over the Federal Reserve’s (Fed) independence after US President Donald Trump announced he was firing a Fed Governor Lisa Cook.
Fxstreet
3 hours ago
AUD/USD holds steady near key technical levels
AUD/USD is holding steady between familiar technical levels after catching a thin bid on Tuesday. US economic releases will take a breather on Wednesday, giving Aussie traders a chance to catch their breath, at least after the next round of Australian Consumer Price Index (CPI) inflation data.
Fxstreet
4 hours ago
FOREX-Dollar trades lower as Trump's move to fire Fed governor spooks investors
Trump fires Governor Cook amid push for more influence at FedCook's removal highlights worries over Fed independenceEUR, GBP gain against U.S. dollarFrench bonds tumble as government faces collapseBy Laura Matthews NEW YORK, Aug 26 (Reuters) - The dollar fell against major currencies on Tuesd...Reuters
6 hours ago
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.2% higher at C$1.3833 to the greenback, or 72.29 U.S. cents, after trading in a range of 1.3823 to 1.3868.Canadian government 10-year bond yields CA10Y...Reuters
7 hours ago
New BIS head stresses importance of central bank independence and accountability
New head of central bankers' central bank backs independenceSpeech comes as US Fed faces Trump's criticismCentral banks need to continue cooperation, remain flexibleBy Marc Jones LONDON, Aug 26 (Reuters) - The new head of the Bank for International Settlements on Tuesday stressed the need...Reuters
9 hours ago
New BIS head stresses importance of central bank independence and accountability
By Marc Jones LONDON, Aug 26 (Reuters) - The new head of the Bank for International Settlements has used his first prominent speech to stress the need for central banks to focus on inflation and for their independence from politicians to be protected.Uncertainty around the world's most import...Reuters
10 hours ago
FOREX-Dollar weakens as Trump's move to fire Fed governor spooks investors
Trump fires Governor Cook amid push for more influence at FedCook's removal highlights worries over Fed independenceEUR, GBP lead gains against U.S. dollarFrench bonds tumble as government faces collapseBy Laura Matthews and Jaspreet Kalra NEW YORK/MUMBAI, Aug 26 (Reuters) - The dollar weaken...Reuters
11 hours ago
Bank of England's Mann sees case for 'persistent' hold of rates
By David Milliken LONDON, Aug 26 (Reuters) - Bank of England Monetary Policy Committee member Catherine Mann said on Tuesday that she saw a strong case to keep Bank Rate on hold for a prolonged period but stood ready to cut rates forcefully if downside risks to growth materialise.Mann voted again...Reuters
11 hours ago
Bank of England's Mann sees case for 'persistent' hold of BoE rates
LONDON, Aug 26 (Reuters) - Bank of England Monetary Policy Committee member Catherine Mann said on Tuesday that she saw a case to keep Bank Rate on hold on a persistent basis but stood ready to cut rates forcefully if downside risks to growth materialise."A more persistent hold on Bank Rate is a...Reuters
12 hours ago
ANALYSIS-Mantra of central bank independence shaken by Trump moves on Fed
Independent central banks achieve lower inflationCredibility keeps investors, public on sidePast money-printing opens flank to criticism By Francesco Canepa FRANKFURT, Aug 26 (Reuters) - U.S. President Donald Trump's attacks on Federal Reserve policymakers are emerging as the biggest threat i...Reuters
12 hours ago
Gold Reserve's Frankfurt stock falls 5.5% after Elliott affiliate emerges as frontrunner for Citgo
Aug 26 (Reuters) - The Frankfurt-traded shares of Gold Reserve fell 5.5% on Tuesday following a U.S. court filing marking a rival bid by an affiliate of hedge fund Elliott Investment Management as superior to the mining company's offer for the parent of Venezuela-owned refiner Citgo Petroleum.Go...Reuters
13 hours ago
