US dollar gains as odds drop on Hassett being made Fed chair
Polymarket betting site favors Warsh for Fed Chair roleJapan considers intervention to counter yen weaknessTakaichi plans snap election…
Poker-faced Powell may have ace up sleeve to stymie Trump’s Fed shakeup
Powell could stay on as a Fed governor for two more yearsCriminal indictment threat may influence his decisionPowell…
Iran protests abate after deadly crackdown, residents and rights group say
US threats of intervention recede after Iran crackdown easesHeavy security presence reported in Tehran and other citiesSporadic unrest…
Trump enters election year with big wins – and bigger political headwinds
Trump power diminished over inflation, aggressive tacticsRepublicans risk losing control of Congress next yearTrump to hit campaign trail,…
Dollar drifts near 2-1/2-month lows as labour data leaves rate path uncertain
Euro hangs near 12-week high ahead of ECB policy decisionBOE likely to cut rates, BOJ expected to raise…
South African rand flat ahead of leading economic indicator, local inflation data
JOHANNESBURG, Dec 17 (Reuters) – The South African rand was flat in early trade on Tuesday, ahead of…
China lowers EU pork tariffs in final ruling after 18-month probe
Decision offers partial relief for European pork producersEU expresses concern at Chinese decisionMore than half China’s imports came…
The 13-letter word tripping up Trump – and risking Republicans’Â hold on Congress
Trump’s mocking of ‘affordability’ worries Republican strategistsWhite House defends Trump’s messaging on strength of economyDemocrats aim to exploit…
Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
Fed reduces policy rate by quarter of a percentage pointThree policymakers dissent on decisionPolicymakers see one rate cut…
Morning Bid: Dazed yen hogs limelight before Fed – Reuters
Morning Bid: Dazed yen hogs limelight before Fed ReutersYen fragile, dollar firm in countdown to Fed ReutersThe Yen Rout Continues:…
Euro hits six-week high on economic, Ukraine optimism, dollar dipsÂ
Euro zone business activity expands at fastest pace in 2.5 yearsOptimism over potential end to Russia/Ukraine war boosts…
Investors pile into UK bonds and sterling after budget
OBR forecasts larger fiscal buffer than expectedReeves to announce tax rises, cut borrowingMarket skepticism over budget credibility and…