Dollar surges as Trump backs down from threat to fire Fed's Powell – Yahoo Finance
Ankur Banerjee SINGAPORE (Reuters) – The US dollar has risen sharply, with trade deal optimism beating the sentiment of President Donald Trump on Wednesday saving investors from the threat of firing Federal Reserve Chairman Jerome Powell. This week’s market has been addressing the notion that since the president took office in January, the Fed’s independence […]
Gold hits record high of $3.5K, Bitcoin tops $90K as investors flee US dollar
Gold won a new high on Tuesday Bitcoin has crossed the $90,000 threshold Anxious about the strength of the US dollar sent investors looking for other safe shelters. Traditional and emerging alternatives, particularly gold and Bitcoin, are rapidly gaining favor as President Donald Trump’s tariff policies are throwing markets into chaos. In a commercial exchange […]
US Dollar collapses to fresh three-year lows as Fed independence questioned – FXStreet
After a sharp decline during Monday’s session, the US Dollar Index (DXY) will trade near the 98.50 area. After Trump criticizes Powell, concerns rise, causing fear of Fedo’s independence and further damage. Technical indicators show sustained bearish momentum with resistance seen around 98.65 and 100.38. The US Dollar Index (DXY) will take a deep red […]
U.S. dollar falls to three-year low as Trump's Powell threats further dent investor confidence – CNBC
The teller will count US Dollar Bank notes on April 9, 2025 at Money Changer in Jakarta, Indonesia. Willie Kruniawan | Reuters The US dollar continued its slide on Monday, dropping to its lowest level since 2022. Global investors have retreated from US assets in the face of tensions between President Donald Trump and the […]
Strange sell-off in dollar raises specter of investors losing trust in Trump’s US – MLive.com
Bernard Condon AP Business Writer NEW YORK (AP) – Of the threat tariffs pose to the US economy, nothing is more strange than the sale of the dollar. Currency is constantly rising due to fear of inflation, central bank movements and other factors. But economists are concerned that the recent dollar decline has been so […]
Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump – AP News
NEW YORK (AP) – Of the threat tariffs pose to the US economy, nothing is more strange than the sale of the dollar. Currency is constantly rising due to fear of inflation, central bank movements and other factors. But economists are concerned that the recent dollar decline has been so dramatic that President Donald Trump […]
Australian Dollar remains subdued despite Trump confirmation of US-China trade discussions – FXStreet
The Australian dollar barely moves as trading activities remained tamped due to Good Friday holidays. Trump has hit a breach of optimism, suggesting that a trade deal with China could be finalized within three to four weeks. Federal Reserve Chairman Jerome Powell warned that combining a weak economy with sustained inflation could increase the risk […]
Australian Dollar depreciates as US Dollar holds gains due to stronger consumer spending – FXStreet
The Australian dollar has stagnated as employment changes came at 32.2K against a consensus forecast of 40k. Australia’s unemployment rate rose to 4.1% in March, with market forecasts just below 4.2%. The US dollar received support as consumer spending was strengthened in March. Australian Dollar (AUD) trades lower USD (USD), snaps a 6-day winning streak. […]
Dollar slides towards Easter weekend – Yahoo Finance
By Tom Westbrook SINGAPORE (Reuters) – The dollar appeared to be trying to win a fourth consecutive weekly loss on Thursday as it acquired investors from US assets, but pulled a seven-month low against the yen as US trade talks have so far shunned currency debate. The dollar was assaulted as the US threatened, imposed […]
Australian Dollar receives support from improved global risk mood, US Retail Sales eyed – FXStreet
The Australian dollar remains stable despite the release of a soft Westpac major index on Wednesday. China’s GDP grew year-on-year at 5.4% in the first quarter, exceeding the expected 5.1%, maintaining a stable pace of expansion. The US dollar remains muted prior to the release of retail sales data in March later that day. The […]