US EditionDeutsche Bank’s Saravelos Sees Powell Drama Hanging Over Dollar
8 Articles
8 Articles
Deutsche Bank’s Saravelos Sees Powell Drama Hanging Over Dollar
Concern about US President Donald Trump removing the Federal Reserve chairman will continue to linger over markets and put pressure on the dollar and Treasuries until it is resolved, said George Saravelos, global head of FX research at Deutsche Bank AG.
A new wave of speculations about the future of Federal Reserve President Jerome Powell have sparked a small outburst in the markets this Wednesday.
The US dollar is rising again in international markets. The dollar index strengthened against other currencies, reaching 98.7 on July 17, 2025. Tensions between US President Donald Trump and Fed Chair Jerome Powell, along with global trade developments, are on the markets' radar. Here are the details...
TACO Trade Shifts to the US Dollar
Reports that President Trump has dialled down his threats related to firing Fed Chair Powell has sparked a rally in the US Dollar, suggesting that concerns about the independence of the Fed had been weighing in the currency. Gold is down 0.9%, the Aussie is down 1.0%, the Euro, Loonie and Yen are all down about 0.6%. Bitcoin is down 0.9% while other cryptocurrencies are up 1-4% as crypto regulation legislation continues to advance in Congress. …
Interesting and fast-moving developments dominated the currency markets on Thursday. One such development was the alleged attack by US President Donald Trump on the Fed chairman. However, after the leaked news was refuted, the dollar regained its strength. Meanwhile, the forint is testing an important support.
US Dollar Index (DXY) approaches multi-week highs at 98.44 in risk-off markets
The US Dollar is outperforming its main rivals on Thursday, supported by risk-averse markets amid growing anxiety about trade tariffs and the ongoing pressures on Fed Chairman Powell, which have boosted speculation about his resignation.
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