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Supported by exports and geopolitics – Commerzbank

Commerzbank’s FX team highlights that CNY is the only Asian currency stronger against the Dollar since late February, helped by robust exports and policy support. They see China tactically tolerating a firmer CNY ahead of the Trump–Xi summit and using it to bolster its image as a stabilizing force while…

Republican Sen Thom Tillis ready to confirm Warsh now that DOJ dropped probe

Now that the Justice Department has dropped its Federal Reserve probe, Sen. Thom Tillis, R-N.C., said he is willing to vote to confirm Kevin Warsh to serve as the next chair of the Federal Reserve System board of governors. “I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could support Kevin Warsh’s confirmation.…

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