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Global Currency Shifts: The Dollar's New Direction
Recently, the US dollar gained against the Euro and the British Pound, influenced by market speculation about interest rate differences between the US Federal Reserve and European central banks. Despite these increases, the dollar remained stable overall, following new US economic data that prompted reassessment of the Fed's potential easing of monetary policy.
In New York's latest trading session, currency values shifted significantly. The dollar fell to 144.91 yen, and the Euro and Pound also declined to $1.0954 and $1.2747, respectively. The DXY index, which tracks the dollar against other currencies, rose slightly by 0.11% to 102.404 points, registering a small weekly gain of 0.01%.
This consolidation in the dollar’s value came as investors weighed US macroeconomic data for hints of the Fed's future moves. Recent US Producer Price Index (PPI) data, lower than market expectations, slightly eased concerns raised by earlier Consumer Price Index (CPI) data. Pantheon, a consultancy firm, suggested that the forthcoming Personal Consumption Expenditures (PCE) inflation report could be crucial. It may prompt the Fed to begin monetary easing sooner, with possible interest rate cuts as early as March. Currently, the market, as per CME Group's tracking tool, anticipates a 79.5% chance of this happening.
Olivier Korber, a strategist at Société Generale Research, views this market expectation as premature. He argues that core inflation may not decline fast enough by March to justify an interest rate cut. The absence of this option in the Fed's minutes supports his view. Korber predicts that this situation might weaken the Euro in the short term, considering the interest rate differential.
The Bank of Japan (BoJ), as reported by sources to Reuters, is expected to maintain its 2% inflation projection for the coming years, despite economic uncertainties and geopolitical risks.
Source
🇮🇷❌👑👑❗️ — Videos coming out of Iran, after the Internet ban, share some of the most gruesome and terrific images so far in this protest season
At least 10 protesters in Fardis, Karaj area of Alborz province of Iran, West of Tehran, were reportedly killed by Islamic Revolutionary Guard Corps (IRGC) Troops under orders of the Islamic Republic Regime in Iran.
According to reports from netizens via Musk's Starlink, dozens of other deaths are being reported as having occurred in other locations on Iranian soil.
In one of the videos, it's possible hear in Persian/Farsi:
"Right in front of Fardis Police Station No. 11, a Toyota was pulled up and sprayed with gunfire.
People were mowed down with heavy weapons, machine-gun fire, indiscriminately."
🇺🇸 White House: U.S. exits Hague tribunals and Venice Commission
The United States is withdrawing from two international criminal tribunals based in The Hague and from the Venice Commission, as part of a broader disengagement from 66 global organizations, according to a White House statement.
The U.S. will no longer participate in the International Residual Mechanism for Criminal Tribunals, which prosecutes remaining cases from the former Yugoslavia and the Rwandan genocide. The move reflects a wider recalibration of American foreign policy under President Donald Trump, aimed at distancing the U.S. from bodies seen as undermining national sovereignty or offering limited return on investment.
This withdrawal underscores Washington’s shift away from multilateral judicial structures and toward a more unilateral, interest-driven approach in international affairs.
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In the late '50s, Greenland was well-established as a strategic military location for the United States.
It had been used as a refueling station and radar installation.
But…the U.S. military had bigger plans for Greenland.
In 1959, the Army Corps of Engineers scouted an area for a secret nuclear project under the cover of a project called
Camp Century.
https://www.slashgear.com/1402972/project-iceworm-cold-war-pentagon-secret-greenland-base/
In 1951…The United States signed a
Defense of Greenland Agreement, which allowed NATO members to utilize Greenland for military operations, including the construction of bases and other installations.
Over the following decade, the United States built 3 military bases.
Two have since been abandoned.
The remaining base was called Thule Air Base. The base has been renamed to Pituffik Space Base, and it remains the U.S.' northmost military installation.
It is less than 1,000 miles from the North Pole.
https://www.slashgear.com/1402972/project-iceworm-cold-war-pentagon-secret-greenland-base/
