Trial Balloon to Fire Powell went over like a Lead Zeppelin north Overview: A natural experiment of sorts unfolded yesterday. Heightened speculation, fanned in part by the White House itself, that after several threats, President Trump was going to fire Fed Chair Powell. Short-term rates fell but the curve steepened, the greenback sold off sharply, and [...]
USD Steadies after Yesterday's Surge, but Does it have Legs? north Overview: The dollar has steadied today after yesterday's jump. Asia and Europe do not seem to be as enthusiastic about the dollar as North America seemed to be yesterday. President Trump indicated that sectoral tariffs on semiconductor chips and pharmaceuticals could be announced as early as [...]
Greenback Slips Ahead of June CPI north Overview: The US dollar is trading somewhat heavier against the G10 currencies but the Scandis today, ahead of the US CPI report. Most emerging market currencies are also firmer. The last few CPI readings were softer than expected, but economists continue to look for firmer price pressures. [...]
Money never sleeps, and Wall Street is waking up north Wall Street 3.0 replaces legacy systems and gatekeepers with tokenized equity, global inclusion and real-time trading, ushering in a new era of financial democratization and efficiency.