Investors were unsettled at the start of the week by a new attack on the Federal Reserve, prompting a sell-off in the dollar and increased demand for precious metals. The move came early in the trading week and was reflected across FX and commodity markets.
EUR/USD climbed to about 1.1680, while gold continued its advance, pushing to record territory and trading near USD 4,600 per ounce.
The price action underscores a shift toward safe-haven assets amid heightened market scrutiny of the Fed’s position. #EURUSD #Gold #FiatNews
The U.S. Department of Justice has opened an investigation into Federal Reserve Chair Jerome Powell, Powell announced on Sunday evening. The move follows threats from President Donald Trump’s administration to press charges over Powell’s testimony to Congress last year concerning a renovation project for central bank buildings.
Powell said the Justice Department had initiated the probe and linked it to the administration’s warning about potential legal action related to his congressional remarks on the building-renovation matter. No further procedural details or charges were disclosed in the announcement.
The development adds a legal dimension to tensions between the Fed’s leadership and the executive branch. Authorities have not released additional information on the scope or timeline of the investigation. #JeromePowell #Fed #DOJ #Trump #FiatNews
In the United States, the report says pressure is mounting on the Federal Reserve and on the defence industry, adding to market caution. Analysts note increased scrutiny of central‑bank policy and heightened focus on defence‑sector developments. #Fed #defense #USmarkets #FiatNews
Czech Finance Minister Alena Schillerová warned it will be extremely difficult to keep this year’s state budget deficit below CZK 300 billion, signaling notable fiscal pressure on public finances. Her comment points to tighter budgetary constraints ahead. #CzechRepublic #Schillerova #FiatNews
Geopolitics is back atop the agenda as renewed pressure on the US economy revives a "Sell America" mood; US futures opened lower and traded in the red amid risk‑off sentiment. Market participants cite geopolitical tensions and policy uncertainty as key drivers. #geopolitics #markets #futures #FiatNews
