US Dollar wobbles between trade hope and Fed uncertainty

The US Dollar stabilizes on Wednesday after a sharp three-day decline. US President Donald Trump announces a $550B trade deal with Japan, easing trade tensions. Political pressure mounts on Fed Chair Powell; Trump calls him a “numbskull.” The US Dollar (USD) is edging lower on Wednesday, extending its three-day slide as traders continue to tread…

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Fed Minutes saw elevated uncertainty about the economic outlook

Officials from the Federal Reserve indicated during their most recent meeting that they might encounter “difficult trade-offs” in the upcoming months, with rising inflation occurring alongside increasing unemployment. This perspective was supported by projections from Fed staff that highlighted heightened risks of a recession, as revealed in the newly released Minutes from the May 6-7…

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