Morning Bid: Trump punches at Powell, dollar recoils

Morning Bid: Trump punches at Powell, dollar recoils

Source: EODHD - https://www.investing.com/news/economy-news/morning-bid-trump-punches-at-powell-dollar-recoils-4111659
Published: Jun 26, 2025 12:40 AM

A look at the day ahead in European and global markets from Ankur Banerjee Just as investor sentiment was recovering from the latest geopolitical jolt, buoyed by the Israel-Iran ceasefire, President Donald Trump rattled markets again with an attack on the Fed chair that revived worries over the central bank’s independence. The result has been another bout of dollar selling, which pushed the euro to its strongest level since November 2021 and the Swiss franc to its highest in a decade. A report from the Wall Street Journal said Trump has toyed with the idea of naming Fed Chair Jerome Powell’s replacement as early as September, which could undermine Powell’s authority for the remainder of his...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.