Trump revives effort to fire Fed's Lisa Cook
We haven't written up this one. CNBC has the full story — the link below goes straight to it.
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Trump Restarts Battle to Fire Sitting Fed Governor Lisa Cook
The Trump administration, rebuffed by the Supreme Court in its first attempt to fire Lisa D. Cook, sent the Federal Reserve governor a letter saying it was “considering” removing her from the job.
Mexican Peso hits five-month high on weak US jobs data
The Mexican Peso (MXN) capitalizes on a weaker US jobs report and soars versus the US Dollar (USD) on Friday as risk appetite improves and the Greenback gets battered on speculation that the Federal…
Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027
Citi has raised its third-quarter Brent crude forecast to $80 per barrel from $75 as the U.S.-Iran war drags on and repeated attempts at a deal fail to restore normal oil flows through the Strait of…
- Citi raises Q3 Brent forecast to $80 per barrel
- Still predicts $70 for Q4 and $65 for 2027
- Hormuz constraints hinder oil price resolution
Gold miners surge more than 20% in breakout week
Bullion’s two-month high sent producers sharply higher, while junior miners and the TSX Venture posted outsized gains.
South Korean Won: Intervention risks support KRW against US Dollar – DBS
Chang Wei Liang at DBS Group Research notes that KRW is currently the best performing Asian currency, supported by strong semiconductor demand and reported FX intervention coordination between Korea…
Labor Market Shifts Into Reverse as Employers Balk at Hiring
A spring surge rapidly faded as the summer brought higher prices and more uncertainty for businesses, even as they avoided layoffs.