/
RSS Feed
The U.S. Dollar is trading weaker this morning against all G10 peers as global risk sentiment rebounds, though it remains about half a percent stronger on the week. Market focus continues to center on tensions between Donald Trump and Fed Chair Jerome Powell, with Trump pushing for one percent interest rates and Powell defending Fed decisions. Rate cuts remain unlikely at the July 30th meeting, despite dovish signals from Fed Governor Waller. June housing starts showed solid growth at 4.6 percent, and July consumer sentiment data is due shortly. The Euro is firming amid optimism around U.S.–EU trade discussions, while the Yen lags as traders await Japan’s weekend elections, which could prompt volatility at the Asian open.
