Former Federal Reserve chair Jerome Powell says the U.S. central bank would lose the credibility it needs to steady the economy if officials could be removed over policy disagreements. The warning landed as the Supreme Court weighs President Donald Trump’s effort to fire Governor Lisa Cook. A Direct Defense of Central Bank Independence Powell delivered […]
The post Austria Unemployment Rate declined to 7.1% in May from previous 7.5% appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/austria-unemployment-rate-declined-to-71-in-may-from-previous-75-202606010750
The post France HCOB Manufacturing PMI registered at 49.7 above expectations (48.9) in May appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/france-hcob-manufacturing-pmi-registered-at-497-above-expectations-489-in-may-202606010750
The post Italy HCOB Manufacturing PMI came in at 52.9, above expectations (52) in May appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/italy-hcob-manufacturing-pmi-came-in-at-529-above-expectations-52-in-may-202606010745
The post Switzerland SVME – Purchasing Managers’ Index came in at 57.3, above expectations (54) in May appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/switzerland-svme-purchasing-managers-index-came-in-at-573-above-expectations-54-in-may-202606010730
The post Switzerland Gross Domestic Product (YoY) fell from previous 0.7% to 0.5% in 1Q appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-yoy-fell-from-previous-07-to-05-in-1q-202606010700
The post Fed’s Waller says dollar stablecoins could expand reach of U.S. monetary policy appeared on BitcoinEthereumNews.com.
Dollar-backed stablecoins have gained support from U.S. Federal Reserve Governor Christopher Waller, who has said their growing international use could extend the reach of U.S. monetary policy into other economies. Summary Federal Reserve Governor Christopher Waller said growing use of dollar-backed stablecoins could extend the influence of U.S. monetary policy abroad. Bank of England policymaker Megan Greene said tokenized deposits may eventually overtake stablecoins as the preferred form of digital money. The comments come as U.S. lawmakers continue debating stablecoin rules and UK regulators review parts of their proposed stablecoin framework. According to Bloomberg News, Waller told participants at the 32nd Dubrovnik Economics Conference in Croatia on Sunday that countries increasingly using dollar-backed stablecoins may end up importing U.S. monetary condit
Dollar-backed stablecoins have gained support from U.S. Federal Reserve Governor Christopher Waller, who has said their growing international use could extend the reach of U.S. monetary policy into other economies. According to Bloomberg News, Waller told participants at the 32nd…
The post Australia RBA Commodity Index SDR (YoY) up to 16.8% in May from previous 15.7% appeared on BitcoinEthereumNews.com.
Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/australia-rba-commodity-index-sdr-yoy-up-to-168-in-may-from-previous-157-202606010630
