Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Back

US Pres. Trump: Preemptive cuts in interest rates are being called for by many

In a post published on Truth Social on Monday, US President Donald Trump voiced his criticism over the Federal Reserve's (Fed) monetary policy and accused Fed Chairman Jerome Powell of lowering interest rates in late 2024 for political purposes.

"“Preemptive cuts in interest rates are being called for by many. With energy costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other “things” trending down, there is virtually no inflation," Trump said.

"With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, now. Europe has already “lowered” seven times. Powell has always been “too Late,” except when it came to the election period when he lowered in order to help Joe Biden, later Kamala, get elected."

Market reaction

The US Dollar (USD) remains under persistent selling pressure on Monday. At the time of press, USD Index was down 1.2% on the day at 98.20.


USD/JPY plummets to near 140.50 as Trump aims Fed Powell’s removal

The USD/JPY pair falls sharply to near 140.50 during North American trading hours on Monday. The pair cracks after breaking below the previous week’s low of 141.64 and aims to revisit the 21-month low of 139.60. The asset has shown significant weakness due to a sharp downside in the US Dollar (USD).
Read more Previous

AUD/USD Price Forecast: Refreshes four-month high above 0.6400

The AUD/USD pair posts a fresh four-month high above 0.6400 on Monday. The Aussie pair strengthens as the US Dollar (USD) continues to get battered by United States (US) President Donald Trump threatening the “autonomous” status of the Federal Reserve (Fed).
Read more Next