Trump, Bitcoin and cryptocurrency
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Trump, European Union and Tariff
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The EUR/USD pair trades near a weekly high of 1.1365 ahead of the close, as the US Dollar (USD) remains pressured by political and fiscal headlines. The Euro (EUR) surged on broad USD dumping, but tepid local data limited the advance.
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Barchart on MSNDollar Sinks as President Trump Threatens to Escalate Trade WarThe dollar index (DXY00) today is down by -0.62% at a 3-week low. The dollar tumbled today after President Trump threatened a 50% tariff on goods from the European Union on June 1, saying "Our discussions with them on trade are going nowhere.
Amid protests and ethical concerns, President Donald Trump hosted a private dinner for the top buyers of his Official Trump (CRYPTO: TRUMP) memecoin on Thursday.
US treasuries appear to have drawn some comfort today from the Supreme Court’s ruling that the unique structure of the Fed may protect its board members from potentially being removed by the President, Rabobank's FX analyst Jane Foley reports.
AUTOPOST on MSN8h
Trump Promised Lower Car Prices—Tariffs Did the Exact OppositePresident Donald Trump's 25% tariff on imported vehicles triggered declines in U.S. auto production and raised consumer costs. Intended to boost domestic manufacturing and spending, the policy instead disrupted the automotive sector.