GBPUSD Forex News

U.S. Dollar Slides As Donald Trump Proposes Appointing New Fed Chair Early

U.S. Dollar Slides As Donald Trump Proposes Appointing New Fed Chair Early

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, as financial markets reacted apprehensively to mounting worries about the future independence of the U.S. Federal Reserve. The drop came as news broke that President Donald Trump is thinking of replacing Fed Chair Jerome Powell before the November elections.
RTTNews | 21h 13min ago
ATFX Market Outlook 25th June 2025

ATFX Market Outlook 25th June 2025

Under pressure from U.S. President Trump, the fragile ceasefire agreement between Israel and Iran took effect on Tuesday. Federal Reserve Chair Jerome Powell told lawmakers that tariff increases this summer could begin to push inflation higher, marking a critical period for the Fed’s consideration of rate cuts.
ATFX | 1 day ago
U.S. Dollar Lower After Fed Bowman's Comments

U.S. Dollar Lower After Fed Bowman's Comments

The U.S. dollar dropped against its major counterparts in the New York session on Monday, following dovish comments from Federal Reserve Governor Michelle Bowman.
RTTNews | 3 days ago
ATFX Market Outlook 23rd June 2025

ATFX Market Outlook 23rd June 2025

For the week, the Dow was flat, the S&P 500 fell 0.2%, while the Nasdaq rose 0.2%. The uncertainty in the Middle East and its potential impact on the global economy pushed the U.S. Dollar Index to its largest weekly gain in over a month. The Federal Reserve noted that trade policies are still evolving, making it premature to assess the economic impact of tariffs.
ATFX | 3 days ago