🇺🇸THE DOLLAR JUST GOT KNOCKED OUT
America’s money is wobbling after Fed boss Jerome Powell basically said, “Yeah, we might start cutting rates soon.”
Translation: cheaper borrowing, but a weaker dollar.
The euro, pound, and yen all flexed on the dollar, leaving it at a four-week low.
Even Australia’s dollar jumped in to dunk on it.
Making things messier? Trump is yelling at Powell and threatening to fire another Fed official, turning the world’s most boring bank into reality TV.
Source: Reuters
