Morning Wrap: Global Markets Eye US-China Tariff Deadline, Dollar Slips Further
9 Articles
9 Articles
Morning Wrap: Global Markets Eye US-China Tariff Deadline, Dollar Slips Further
Highlights Markets shift focus to July 9 expiry of US-China mutual tariffs despite Middle East ceasefire US dollar extends decline; EURUSD reaches levels not seen since 2021 Central bank commentary and rate expectations remain in spotlight across US, Europe, and Australia While geopolitical tensions between Israel and Iran appear to be contained under a continuing ceasefire, financial markets have started to pivot focus towards a major trade …
It is undermined by the uncertainties surrounding the US economy. The post The US dollar is losing ground again appeared first on Les Affaires.
Fed Chair Jerome Powell Addresses US Dollar Weakness, Says Markets Are in ‘Unusually Challenging’ Circumstances
The Chair of the Federal Reserve says financial markets are dealing with a unique set of circumstances that may be contributing to dollar weakness. In a recent testimony to the US Senate, Powell tells members of the Senate’s banking panel that while the US dollar appears to be doing better, the Fed has yet to... The post Fed Chair Jerome Powell Addresses US Dollar Weakness, Says Markets Are in ‘Unusually Challenging’ Circumstances appeared first…
The day was also marked by the operation of the Central Bank (BC), which made two simultaneous leiions on the exchange market.
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