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Dollar Slumps to Multi-Year Lows as Fiscal Fears and Fed Pressure Undermine Confidence

Dollar Slumps to Multi-Year Lows as Fiscal Fears and Fed Pressure Undermine Confidence

The U.S. dollar continued to weaken sharply, hitting its lowest level against the euro since 2021, as markets reacted to fiscal risks posed by President Trump’s $3.3 trillion spending plan...

Gerik

Rising Government Debt Poses Greatest Risk To US Market Standing, Says BlackRock

Rising Government Debt Poses Greatest Risk To US Market Standing, Says BlackRock

BlackRock warned that the surge in US government debt may weaken investors' interest in US bonds and the dollar, prompting funds to flow overseas. The huge debt may threaten the special status of the US financial market and deserves vigilance.

Kevin Morgan

June 24th Financial News

June 24th Financial News

EU will accept Trump's 10% across-the-board tariffs while seeking lower tariffs for critical sectors, sources say; Trump signs executive order terminating sanctions on Syria; U.S. Treasury Chief signals Fed leadership change on horizon......

FastBull Featured

Asian Markets Edge Higher as U.S. Fiscal Debate Weighs on Dollar; Gold Climbs Amid Uncertainty

Asian Markets Edge Higher as U.S. Fiscal Debate Weighs on Dollar; Gold Climbs Amid Uncertainty

Asian equities rose modestly while the U.S. dollar weakened near multi-year lows as investors watched the prolonged Senate debate over Trump’s $3.3 trillion tax and spending bill...

Gerik

Shell-Led LNG Canada Ships First Cargo To Meet Asian Demand

Shell-Led LNG Canada Ships First Cargo To Meet Asian Demand

Shell has started exports from its liquefied natural gas project in Canada to meet demand in Asia, strengthening its global position as demand for natural gas grows in Asia amid rising geopolitical risks.

Devin

China’s Manufacturing Rebounds in June, but External Demand and Job Cuts Cloud Outlook

China’s Manufacturing Rebounds in June, but External Demand and Job Cuts Cloud Outlook

China’s manufacturing sector returned to growth in June with a Caixin PMI of 50.4, driven by new orders and stronger production. However, employment fell and export demand remained weak...

Gerik

Japanese Manufacturing Sentiment Rises Slightly Despite U.S. Tariff Pressures

Japanese Manufacturing Sentiment Rises Slightly Despite U.S. Tariff Pressures

Despite rising trade tensions with the United States under President Trump, Japan's large manufacturers report a slight improvement in business sentiment, supported by resilient global auto demand and a weaker yen....

Gerik

Iran-linked Hackers Threaten To Release Trump Aides' Emails

Iran-linked Hackers Threaten To Release Trump Aides' Emails

The Iranian hacker group "Robert" threatened to release more stolen emails from the Trump team after leaking some of them to the media. The US Department of Justice has accused the group of being linked to Iran's Islamic Revolutionary Guard Corps.

Samantha Luan

Oil Edges Down On Expectations Of More OPEC+ Supply, Tariff Fears

Oil Edges Down On Expectations Of More OPEC+ Supply, Tariff Fears

Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown driven by prospects of higher U.S. tariffs.

Devin

U.S. Senate Passes GENIUS Act For Stablecoin Regulation

U.S. Senate Passes GENIUS Act For Stablecoin Regulation

The US Senate passed the GENIUS Act, marking a major breakthrough in stablecoin regulation. This move is expected to reshape the financial landscape, attract capital inflows, and the stablecoin market may see explosive growth, with far-reaching impacts.

Thomas

What Are The Digital Services Taxes Drawing Trump’s Ire?

What Are The Digital Services Taxes Drawing Trump’s Ire?

Digital services taxes targeting the revenue of big technology companies have returned as a flash point in President Donald Trump’s efforts to rewrite the rules of global trade.

Olivia Brooks

EU To Accept Trump's Universal Tariff But Seeks Key Exemptions, Bloomberg News Reports

EU To Accept Trump's Universal Tariff But Seeks Key Exemptions, Bloomberg News Reports

The European Union is open to a trade agreement with the United States that would apply a universal 10% tariff on many of its exports, but the EU is seeking U.S. commitments to reduce tariffs in key sectors...

Olivia Brooks

Trump Administration Considers Jerome Powell Replacement, Confirms Scott Bessent

Trump Administration Considers Jerome Powell Replacement, Confirms Scott Bessent

Bessent said the administration would start within the next few weeks and could announce a replacement by October. Powell’s current term expires in May 2026.

Manuel

DEXs Capture Almost 30% of CEX Spot Activity in June, Setting new Record

DEXs Capture Almost 30% of CEX Spot Activity in June, Setting new Record

Combined volume at the top five DEXs, which also include Orca, Raydium, and Meteora, slipped less than 10% month-on-month.

Manuel

Trump Floats Japan Tariff, Hassett Says Deals After July 4

Trump Floats Japan Tariff, Hassett Says Deals After July 4

Talks between the US and Japan are expected to continue despite Trump’s latest threat, according to Hassett.

Manuel

Circle Applies for US Trust Bank License After Bumper IPO

Circle Applies for US Trust Bank License After Bumper IPO

Circle issues the dollar-pegged stablecoin USDC. Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens.

Manuel

European Central Bank Head: Frequent Shocks to Economy Make Inflation More Unpredictable

European Central Bank Head: Frequent Shocks to Economy Make Inflation More Unpredictable

The European Commission and US negotiators are trying to reach agreement on a trade deal ahead of a July 9 deadline.

Manuel

Trump Threatens Japan Tariff, Hassett Says Deals After July 4

Trump Threatens Japan Tariff, Hassett Says Deals After July 4

Trump for weeks has sought to exert leverage with negotiating partners ahead of the deadline, vowing to cut short talks with those he sees as being difficult

Manuel

Currencies: Donald, a misunderstood genius?

Currencies: Donald, a misunderstood genius?

Donald Trump's economic strategy centers on U.S. growth, low interest rates, and a weaker dollar to boost exports. This approach pressures the Fed and risks the dollar’s safe-haven status. Markets remain volatile.

Adam

Lower rates: Donald Trump's counterproductive strategy

Lower rates: Donald Trump's counterproductive strategy

Donald Trump's push for lower interest rates, including threats to replace Fed Chair Jerome Powell, risks undermining central bank independence—potentially triggering higher rates amid inflation and deficit concerns.

Adam

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