Chinese customs data released on Sunday showed a sharp decline in imports of liquefied natural gas (LNG) and wheat from the United States, with purchases falling to zero in March. Last year, the US accounted for 5% of China's fuel deliveries and 17% of its maize supplies.
French Finance Minister Eric Lombard commented on the US President's recent statements about a possible dismissal of the Fed Chair. In an interview with La Tribune Dimanche, he warned that Powell's ouster would harm the US economy and further undermine the weakened credibility of the dollar.
Chicago Fed President Austan Goolsbee expressed hope that Federal Reserve will retain its independence in monetary policy decisions. He noted that countries where the central bank's actions are dictated by the government tend to experience worse inflation, economic growth, and employment rates.
The US dollar fell to its weakest level since January 2024 as investors sold American assets following reports that President Donald Trump is considering firing Federal Reserve (Fed) Chair Jerome Powell. US stocks dropped 1%, while Treasury yields rose, Bloomberg data showed.
An increase of the indicator value may contribute to the rise in quotes of AUD.
The USD publication is expected
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