Dollar Falls as Trump Ratchets Up Powell Replacement Pressure | The Opening Trade 06/26
June 26, 2025
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1:35:41Now PlayingDollar Falls as Trump Ratchets Up Powell Replacement Pressure | The Opening Trade 06/26
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as posted by the channelThe dollar fell and Treasury yields declined on bets that US interest-rate cuts could come sooner than expected, following a report that President Donald Trump may fast-track his pick for the next Federal Reserve chair. The moves followed a Wall Street Journal report that Trump may announce Jerome Powell’s replacement as soon as September, an unusually early appointment.
The Fed unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and Shell said it has no intention of making a takeover offer for BP refuting an earlier report that two of Europe’s biggest companies were in active merger talks.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
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