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Fed stance and data keep support – Nordea

Nordea analysts expect the Dollar to stay supported in coming months as the Federal Reserve maintains a relatively hawkish stance and US data remain firm. They argue that US growth and inflation dynamics justify higher yields versus peers, limiting Dollar downside. However, they still see a gradual Dollar depreciation over the medium term as global growth broadens and other central banks catch up.Fed policy and data back Dollar strength”In FX, we see the USD supported…

Business

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JPMorgan, Citigroup Named in DOJ Probe of Iran Leader’s Business Network

The Department of Justice is investigating transactions tied to a business network linked to Iranian Supreme Leader Mojtaba Khamenei that reportedly had exposure to major U.S. financial institutions, according to a Bloomberg News report. Bloomberg reported federal investigators are examining how companies connected to Khamenei built a global investment portfolio…

Markets

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RFK Jr. is making it a hot sauerkraut summer at the White House

Welcome to the summer of sauerkraut.Several prominent men in President Donald Trump’s cabinet — including Vice President JD Vance, Transportation Secretary Sean Duffy, and Commerce Secretary Howard Lutnick — have been loading up on the fermented food lately in an effort to slim down and improve their gut health, The…

Investing

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