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12th January 2026 | view in browser
Dollar slips as Fed independence fears grow

The dollar is under pressure as concerns over Federal Reserve independence intensify following news of a criminal investigation into Chair Powell, undermining its safe-haven appeal and shifting rate-cut expectations toward later this year. Geopolitical risks are also rising, with the US weighing intervention in Iran and Europe discussing a military presence in Greenland, while markets now turn their focus to tomorrow’s US inflation report.
 
 

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