Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell
(gated)
Wall Street Journal: Trump considers naming next Fed chair early - bid to undermine Powell
Its been nearly one-way traffic, lower, for the USD since:
USD falling away a little on the Trump " bid to undermine Fed Chair Powell" WSJ reportUS dollar still dribbling lower. ICYMI WSJ: Trump undermining Federal Reserve Chair PowellJP Morgan expects the USD dollar index, DXY, to fall by 5.7% in the next 12 months
which has been falling pretty much all year. Its lost around 10% in H1, its worst performance in 4 decades.
EUR/USD is hitting highs not seen since late 2021:
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