US Dollar Hits New Low as Trump Attacks Powell Again; Techs Rally
From Investing.com: 2025-06-26 06:16:00
President Trump’s criticism of Fed Chair Powell has led to increased bets on interest rate cuts, with markets pricing in additional basis points for 2025 and July meeting odds rising to almost 25%. The dollar has hit a new three-year low, while gold has rebounded. Nvidia leads the charge in tech stocks rallying on Wall Street, with the Nasdaq on track to close at a record high for the third straight day. Cryptos are also rallying, with Bitcoin up more than 8% this week and Ethereum rising almost 14%. The market remains optimistic amid geopolitical de-escalation and strong institutional demand.
Read more at Investing.com: US Dollar Hits New Low as Trump Attacks Powell Again; Techs Rally