The dollar maintained its losses on Tuesday following the Trump administration’s initiation of a criminal investigation into Federal Reserve Chair Jerome Powell, a development that jeopardizes the central bank’s autonomy and confidence in U.S. assets. Investors were still attempting to understand the implications of the probe disclosed late on Sunday, a development that faced criticism 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
A challenging year for the U.S. dollar is concluding with indications of stabilization; however, numerous investors anticipate that the currency’s downward trend will continue next year as global growth accelerates and the Fed implements further easing measures. The U.S. dollar has declined by 9% this year against a basket of currencies, positioning it for its Read More
