While Trump shakes up the markets with his ideas on new tariffs, the head of the US central bank is in no rush to make changes. Jerome Powell has stated that cutting rates too quickly could undermine progress on inflation. It is also unclear how the actions of the 47th president will affect the US economy.
However, one market anomaly is already visible. Gold and the US dollar are no longer pulling prices in opposite directions but are rising together. Meanwhile, we keep an eye on key macroeconomic data and how it affects currency trends.
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