EUR/USD
1.17688
0.280%
Gold
3676.27
0.882%
Oil
63.053
1.269%
USD/JPY
147.313
-0.181%
GBP/USD
1.36050
0.324%
GBP/JPY
200.423
0.139%
Real-time News
Former St. Louis Fed President James Bullard said he discussed the Fed chairmanship with U.S. Treasury Secretary Benson & Melson last Wednesday. Bullard said the Fed must defend the dollar, keep inflation low, and protect its independence. Bullard said he would be "very interested" in becoming Fed chairman if he met the qualifications.Nasdaq CEO Friedman: Supports reforms to reduce the burden on listed companies.ECB President Lagarde: The issue of independence goes far beyond monetary policy.ECB President Christine Lagarde: As a central bank president, independence means a lot to me. In this uncertain world, institutional independence is a key source of stability and trust.On September 16th, Deutsche Banks analysis of ETFs revealed that overseas investors are significantly reducing their dollar exposure at an "unprecedented rate" by using currency hedging when purchasing U.S. stocks and bonds. Citing data from over 500 funds, George Saravelos, the banks global head of FX research, noted that for the first time this decade, inflows into dollar-hedged ETFs buying U.S. assets have exceeded inflows into non-hedged funds. Saravelos believes this hedging behavior explains why the dollar has remained weak even as international investors poured money back into U.S. assets after Trumps tariffs disrupted markets earlier this year. At the time, there was speculation that trade war risks could dampen investor interest in U.S. stocks, bonds, and the dollar itself. Saravelos wrote: "The FX implication is clear: foreign investors may have returned to U.S. assets (albeit at a slower pace), but they are not willing to take on the dollar exposure that comes with it. For every dollar-hedged asset purchased, an equal amount of currency is sold to eliminate the FX risk."
