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Trump wants to fire Powell? The French finance minister warns: this will damage the credibility of the dollar and the USA economy!
① The French Minister of Finance, Le Maire, warned that if Trump dismisses Federal Reserve Chairman Powell, it would jeopardize the credibility of the dollar and undermine the stability of the USA economy; ② Last week, Trump expressed his disappointment in Powell's cautious attitude towards interest rate cuts and posted on Social Media that Powell is not being fired quickly enough.
Most Asian Currencies Strengthen Amid U.S. Dollar Headwinds
Industrial Securities: Gold has become a dual reassessment tool for US dollar credit and the MMF system, with its strategic position continuously improving.
The fluctuation of Gold prices is essentially a market expression of the contradictions during the transitional phase of the international system, with its strategic position continuously rising in the process of 'de-dollarization'.
The trade war has boosted safe-haven demand, spot Gold has broken through 3370 USD/ounce, and the USD has fallen below 99.
As the dollar declines, spot Gold broke through the 3,370 dollar per ounce mark for the first time on Monday.
Global central banks are closely monitoring the shadow of the trade war, and preparations for large-scale interest rate cuts are in place.
Most Global central banks will prepare to cut interest rates in the coming months to mitigate the impact of President Trump's trade war on their domestic economies.
How significant is the "shockwave" of Trump's reciprocal tariffs? The first batch of data from Europe and the United States under the cloud of uncertainty arrives this week...
①Three weeks after President Trump of the USA effectively initiated a trade war against the Global, a series of new economic Indicators and surveys from Europe and America will reveal the initial effects of this conflict. ②This Wednesday, the Purchasing Managers' Index (PMI) from Japan, Europe, and the USA will first show the world the comprehensive situation of global manufacturing and service activities since the implementation of Trump's reciprocal tariff policy on April 2.
