Top central bankers meet to discuss potential unraveling of U.S. currency-centered system in Sintra.

From Yahoo Finance: 2025-06-27 07:12:00

Top central bankers are meeting in Portugal to discuss the potential unraveling of the U.S. currency-centered monetary system due to global trade tensions and Trump’s policies. Investors are looking for clues on monetary policy direction, especially from Fed Chair Powell, who faces pressure to cut rates. The fear of erosion of the Fed’s independence has driven the dollar down.

ECB President Lagarde sees an opportunity to promote the euro as a stable currency amidst the dollar’s struggles. While optimism about the euro is rising, the EU needs greater integration to challenge the dollar’s dominance. Central bankers of Japan, South Korea, and Britain are grappling with their own challenges, including U.S. tariffs and domestic economic issues. Divisions in policy decisions are becoming more apparent, requiring attention and readiness to react.



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