Alan Greenspan, Notable Fed Chair, Passes Away at 100
Alan Greenspan, who led the Federal Reserve System for more than 18 years, passing through what became the longest economic expansion in U.S. history, has died at the age of 100 at his home in Washington. His wife, NBC News correspondent Andrea Mitchell, attributed his passing to complications from Parkinson’s disease. The couple had been […]
Fed Chair Kevin Warsh’s view on prioritizing data over party indicates he does not align with Trump.
Most Senate Democrats opposed Kevin Warsh’s nomination for Fed chairman, believing he would simply be a puppet for President Trump, who appointed him. Warsh recently challenged that notion. This push came as he suggested lowering short-term interest rates to stabilize the economy ahead of the midterm elections, despite ongoing inflation concerns. It’s interesting, really, given […]
Australian Dollar stays mostly steady as strong Fed and RBA forecasts meet.
Trading for the AUD/USD pair remained relatively stable on Friday. Signals from both the Federal Reserve and the Reserve Bank of Australia suggested hawkish policies, which kept the US dollar within a limited range, despite a slight dip. As of now, the pair is sitting around 0.7011 and appears set for weekly losses. This week, […]
New Zealand Dollar reaches April lows as Fed expectations strengthen US Dollar
NZD/USD Overview As of Friday, the NZD/USD exchange rate was around 0.5740, reflecting a dip of 0.28% for the day. This decline can be attributed to the US dollar’s strength, driven by expectations of a tight monetary policy in the United States. Notably, the currency pair has been declining for three straight days, nearing its […]
US Dollar: Safe haven status challenged by Fed changes
Rabobank’s currency strategy team points out that the dollar has recently gained support from safe-haven demand and shifting expectations around Federal Reserve policy. The bank noted that better prospects for a US-Iran peace agreement and the reopening of the Strait of Hormuz might lessen safe-haven inflows into the dollar. Nevertheless, the new Fed Chair, George […]
Why is the US Dollar Index declining even though the chances of a Fed rate increase are growing?
The US Dollar Index (DXY), which tracks the value of the US dollar against six major currencies, has declined from an 11-week peak of 100.57, now trading around 100.30 as of Thursday’s Asian session. Late on Wednesday, the dollar saw a dip as the appeal for safe-haven currencies diminished, following a BBC report that the […]
Stock futures increase as Fed suggests potential rate rise in 2026; Nikkei reaches 71,000 for the first time: Live updates
U.S. Stock Futures Gain Post-Fed Meeting On Wednesday night, U.S. stock futures climbed after the Federal Reserve hinted that interest rates might increase later this year. The S&P 500 futures moved up by 0.2%, while Nasdaq 100 futures climbed by 0.4%. Dow Jones Industrial Average futures gained 73 points, which is a tad over 0.1%. […]
Japanese Yen drops as Fed indicates plans for higher interest rates
On Wednesday, the Japanese yen slipped against the U.S. dollar after the Federal Reserve decided to hold interest rates steady. Most officials anticipate at least one rate hike before the year wraps up. New Fed Chair George W. Warsh reaffirmed the bank’s focus on reaching a 2% inflation target. As of now, USD/JPY is trading […]
Key points to observe during Kevin Warsh’s inaugural meeting as chairman of the Fed today
Kevin Warsh to Maintain Interest Rates at First Fed Meeting At his debut meeting as Fed chairman on Wednesday afternoon, Kevin Warsh is expected to keep interest rates steady. Observers are particularly curious about any potential shift toward a more aggressive posture, such as a hike in rates. Since President Trump appointed Warsh in January, […]
New Zealand Dollar slips before Fed decision as confidence falls to its lowest since 2023
As of Wednesday, the NZD/USD was trading near 0.5820, reflecting a decrease of 0.24% for the day. This drop follows a trend where investors are pulling back on risk ahead of the Federal Reserve’s upcoming monetary policy announcement. The consensus in the market suggests that the Fed will likely keep interest rates steady, maintaining them […]