McConnell, Wicker pan Trump plan for Ukraine as rewarding Putin

Sens. Mitch McConnell (R-Ky.) and Roger Wicker (R-Miss.), the chair of the Senate Armed Services Committee, panned President Trump’s proposal to end the Russia-Ukraine war as rewarding Russian President Vladimir Putin and detrimental to U.S. interests. The 28-point plan, which was quietly hammered out between Washington and Moscow, to end the conflict in Eastern Europe contains several…

U.S. Moves to Build ‘Fort Knox’ for Bitcoin With New Bill

The post U. S. Moves to Build ‘Fort Knox’ for Bitcocom. This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated. Source:.

EUR/USD pressured as USD gains traction on uneven data and Fed divide

The post EUR/USD pressured as USD gains traction on uneven data and Fed divide appeared com. EUR/USD posts moderate losses during the North American session on Friday as the US Dollar (USD) holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) officials. The pair trades at 1. 1504, down 0. 20%, after hitting a two-week low of 1. 1491. Euro retreats 0. 20% as weak US sentiment contrasts with firmer PMIs, markets rise December cut odds Data in the US was mixed, yet the economy shows signs of resilience. The S&P Global Manufacturing and Services PMIs were mixed in November but revealed that business confidence had improved. Other data showed that American households turned pessimistic about the economic outlook, according to the University of Michigan (UoM) Consumer Sentiment for November. Sentiment hit its lowest level since 2009, as consumers remain frustrated about high prices and weakening incomes. After the data, the EUR/USD’s reaction was muted, as traders digested mixed comments from many Federal Reserve officials. Dovish comments from New York Fed President John Williams and Governor Stephen Miran boosted investor expectations for a 25-basis-point rate cut at the December meeting. Conversely, Boston Fed President Susan Collins and Dallas Fed President Lorie Logan argued for maintaining a restrictive policy stance, signaling support for keeping rates unchanged. Given the backdrop, market participants had priced in a 71% chance of a December rate cut, a sharp jump from around 31% earlier in the day. Daily market movers: Euro’s tumble despite Fed’s dovish tilt New York Fed President John Williams said policymakers could still cut rates in the “near-term,” a remark that lifted market odds for a December move. Echoing that tone, Fed Governor Stephen Miran said that Thursday’s Nonfarm Payrolls data supports a December rate cut, adding that if his vote were decisive, he “would vote for a 25-bps cut.” On the other side, Dallas Fed.