A Prosecutor admits that the US lacks evidence in the Fed chair case, according to WaPo citing a Court Proceedings Transcript
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CRUDE WRAP: WTI (K6) SETTLES USD 4.22 HIGHER AT USD 92.35/BBL ; BRENT (K6) SETTLES USD 4.55 HIGHER AT USD 104.49/BBL
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A Prosecutor admits that the US lacks evidence in the Fed chair case, according to WaPo citing a Court Proceedings Transcript
White House official says Trump administration working with Canada on permitting for south bow, Bridger revival of Parts of keystone Xl
Iran has circulated a letter to member countries of the International Maritime Organization saying “non-hostile vessels” can transit the Strait of Hormuz “in co-ordination with Iranian authorities”, via FT
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Context
The admission by a prosecutor regarding insufficient evidence in a high-profile Fed chair case could engender uncertainty around U.S. political stability and the Federal Reserve's credibility. This may have implications for the USD as markets reassess risk sentiment, potentially leading to volatility in the forex space. Expect heightened sensitivity in fixed income as well, with investors weighing the broader economic ramifications.
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