DXY tests 50-day average as traders weigh Powell’s future and strong U.S. retail data. Dollar outlook hinges on 98.700 support and global risk trends.

Investors are becoming more measured in their reaction to news about US President Donald Trump's Washington policy, with Wednesday's whipsawing headlines over Federal Reserve (Fed) chair Jerome Powell triggering a reaction that fell short of what could happen if the Fed chair was indeed fired.

Sam Stein is joined by Ben Walsh to discuss Donald Trump’s threats to fire Federal Reserve Chair Jerome Powell, the market’s drastic reaction to his back and forth, and how he seems to be forgetting that it was him who originally appointed him Fed Chair.

Speculation about the fate of Federal Reserve Chair Jerome Powell set off a short-lived tempest in financial markets Wednesday, with volatility mostly quelled after President Donald Trump said he has no plans to fire the central bank chief and was only discussing it in “concept.

Trump is dialing up the pressure on Jerome Powell and could name a new Fed Chair early ... and more importantly, if it has a negative market reaction, bond yields will go up as a result." The path for interest-rate cuts largely depends on incoming ...

US Dollar Index Futures, United States 2-Year, United States 10-Year. Read 's Market Analysis on Investing.com

Speculation over the potential dismissal of Federal Reserve Chairman Jerome Powell by President Trump has sent shockwaves through financial markets, anticipating unprecedented chaos.

LONDON, July 17 (Reuters) - Wednesday's market drama on reports of an imminent ouster of Federal Reserve Chair Jerome Powell has calmed quickly, with President Donald Trump saying it was " highly unlikely" he would fire the central bank boss even as speculation continue to brew.