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Forecasting the upcoming week: Warsh shares the spotlight with central banks
The United States (US) Federal Reserve (Fed) had a busy week. On Monday, the Fed asked local New York banks about their positions in USD/JPY, fueling speculation that the US may be preparing to work with Japan on the Japanes Yen's (JPY) weakness.
Fxstreet
16 hours ago
Dow Jones Industrial Average slides as Trump nominates Warsh for Fed chair
The Dow Jones Industrial Average (DJIA) declined sharply on Friday after President Donald Trump announced his nomination of former Fed Governor Kevin Warsh to succeed Jerome Powell as Federal Reserve (Fed) Chair.Fxstreet
19 hours ago
USD: Warsh nomination boosts recovery hopes – ING
The Dollar is poised for a potential recovery following the expected nomination of Kevin Warsh as the new Federal Reserve Chair. This development is seen as a positive sign for the Dollar, which has been seeking a catalyst for recovery.Fxstreet
Fri, Jan 30
Forex Today: Trump slams Powell, US Dollar recovers from four-year lows
Financial markets were choppy on Thursday, with significant volatility during US trading hours. In the absence of other news, the focus was on United States (US) President Donald Trump, who said on Truth Social that the Federal Reserve (Fed) should substantially lower interest rates: “now!Fxstreet
Thu, Jan 29
USD hangs near four-year low, around 96.00 on Fed concerns and economic risks
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, meets with a fresh supply during the Asian session on Thursday and erodes a part of the previous day's modest recovery gains.Fxstreet
Thu, Jan 29
US Dollar holds steady following Fed rate hold
The US Dollar Index (DXY) jostled but overall remained in Wednesday’s trading neighborhood after the Federal Reserve (Fed) delivered its standard interest rate decision, holding interest rates steady in the 3.5-3.75% range and noting its data-dependent approach.Fxstreet
Wed, Jan 28
Dollar: Weak momentum ahead of FOMC meeting – BNY
The Dollar is entering the FOMC decision on a weak note, with no signs of panic selling despite recent commentary from President Trump. There has been a marginal net-buying trend over the past three months, although signs of deterioration have emerged.Fxstreet
Wed, Jan 28
USD: Diversification concerns remain – Rabobank
RaboResearch discusses the current state of the USD, highlighting potential negative factors impacting the currency. Concerns over Fed independence and US fiscal policies are noted, alongside signs of increased hedging among investors.Fxstreet
Wed, Jan 28
USD: President Trump gives thumbs up – BBH
The Dollar has recently faced significant downward pressure, with President Trump expressing indifference to its decline, stating, "The dollar’s doing great." Brown Brothers Harriman (BBH) analysts note that the USD has undershot levels implied by rate differentials, with various structural drags coFxstreet
Wed, Jan 28
USD: Limited inflation implications from Trump comments – UBS
Paul Donovan from UBS, notes that a unanimous 92 out of 92 surveyed economists expect no change in US interest rates today. He discusses the potential need for an insurance rate cut to maintain consumer spending and the implications of President Trump's comments on the US Dollar.Fxstreet
Wed, Jan 28
