The U.S. dollar regained strength, approaching a one-month high during early Asian trading on Wednesday, following U.S. CPI data that aligned closely with expectations. This development bolstered the belief that the Federal Reserve is likely to maintain its current stance later this month, even amid significant pressure from the White House to reduce interest rates. Read More
The US dollar commenced trading on a stronger note, coinciding with Japan’s holiday observance. However, the announcement that the Justice Department issued grand jury subpoenas to the Federal Reserve on Friday regarding the renovations of the Fed’s headquarters unsettled the markets. Fed Chair Powell issued a concise statement rejecting the charges, asserting they were a Read More
