Dollar rebounds as Trump eases Fed tensions, signals trade thaw with China
The US dollar rebounded as President Trump eased concerns about Federal Reserve independence and potential trade resolutions with China. Market sentiment improved following Trump's assurance regarding Jerome Powell's position and hints at reduced tariffs, contingent on successful negotiations with Beijing. Consequently, the dollar index rose, and major stock futures experienced significant gains.
The US dollar rebounded as President Trump eased concerns about Federal Reserve independence and potential trade resolutions with China. Market sentiment improved following Trump's assurance regarding Jerome Powell's position and hints at reduced tariffs, contingent on successful negotiations with Beijing. Consequently, the dollar index rose, and major stock futures experienced significant gains.
