New BIS head stresses importance of central bank independence and accountability.The new head of the Bank for International Settlements has used his first prominent speech to stress the need for central banks to focus on inflation and for their independence from politicians to be protected.
What's driving the US Dollar after Powell's Friday remarks? Dollar Index (DXY) outlook.The US Dollar has been in a weird trading zone since the contradicting NFP report from the beginning of the month (forcing a dovish hand) and the strong PPI report that has shown the appearance of tariff effects (forcing a hawkish hand).
WTI Oil Retreats From Near Three-Week Highs as Pessimism Grows Around Russia/Ukraine Deal.Oil prices dropped by over 1% after they had risen by almost 2% on Monday to start the week on the front foot. Traders are watching the war in Ukraine and the possibility of interruptions to Russia's oil supply.
US Dollar Forecast: DXY Slips as Trump's Fed Interference Shakes Confidence.Trump's move to oust Fed Governor Lisa Cook sparks concerns over Fed independence, pressuring DXY as traders brace for potential September rate cuts.
Bank of England's Mann sees case for 'persistent' hold of BoE rates.Bank of England Monetary Policy Committee member Catherine Mann said on Tuesday that she saw a case to keep Bank Rate on hold on a persistent basis but stood ready to cut rates forcefully if downside risks to growth materialise.