The Federal Reserve is expected to deliver its first interest-rate cut this year at its September 16-17 meeting, as it moves to counter a cooling labor market even as inflation remains above target. The anticipated quarter-point reduction may not satisfy President Donald Trump, who wants a bigger cut and has named his White House economic advisor, Stephen Miran, in time to be on the Fed Board at the September meeting, pending Senate confirmation. Here is a look at Fed officials' comments since their last policy meeting, sorting them under the labels "dove" and "hawk" as shorthand for their...
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Wednesday, rebounding after falling more than 0.50% in the previous session. The AUD/USD pair gains ground as the US Dollar extends its decline, pressured by cautious remarks from Federal Reserve (Fed) officials regarding the economic outlook and business sentiment. Speaking at a panel discussion hosted by the Federal Reserve Bank of Atlanta, San Francisco Fed President Mary C. Daly and Cleveland Fed President Beth Hammack expressed growing concerns about the US economy. While key economic indicators remain solid, both...
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is extending its losses for the third successive session and trading lower at around 99.70 during the Asian hours on Wednesday. The Greenback depreciates, pressured by cautious remarks from Federal Reserve (Fed) officials regarding the economic outlook and business sentiment. San Francisco Fed President Mary C. Daly and Cleveland Fed President Beth Hammack stated growing concerns about the US economy. While key economic indicators remain robust, both officials pointed to deteriorating...
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.95 during the Asian trading hours on Wednesday. The WTI price surges after CNN reported that US intelligence suggests Israel is making preparations to possibly strike Iranian nuclear facilities. The United States (US) has obtained new intelligence suggesting that Israel is making preparations to strike Iranian nuclear facilities, even as US President Donald Trump has been pursuing a diplomatic deal with Tehran, multiple US officials familiar with the latest intelligence told CNN. It isn't clear that Israeli...
The Japanese yen strengthened past 144 per dollar on Wednesday, marking its seventh consecutive session of gains, as investors digested Japan's trade data while awaiting developments from the G7 meeting. Tokyo's trade deficit narrowed sharply in April 2025, though it defied market expectations for a surplus. Exports rose for the seventh consecutive month, but at the slowest pace in the current sequence amid concerns over looming US tariffs. Meanwhile, imports declined for the second month this year, though the drop was smaller than forecasted. Japan's chief trade negotiator, Ryosei...
EUR/USD caught a bounce for a second day in a row on Tuesday, bolstering the pair back toward the 1.1300 handle. Despite a near-term rise in bullish momentum bolstering the Fiber, EUR/USD remains well back from recent multi-year highs near 1.1575. The pair has found a firm technical floor from key moving averages, and overall market sentiment remains hopeful that traders will be able to keep finding reasons to hit the buy button. Tariffs dominate market perception, but US data looms aheadEuropean policymakers are currently wrapped up in G7 meetings, minimizing the trickle of noteworthy...
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...