{"id":121221,"date":"2025-11-26T21:33:00","date_gmt":"2025-11-26T17:33:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121221"},"modified":"2025-11-27T03:16:01","modified_gmt":"2025-11-26T23:16:01","slug":"post-powell-speculations-dollar-slips-as-hassett-emerges-in-fed-succession-race","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/post-powell-speculations-dollar-slips-as-hassett-emerges-in-fed-succession-race\/11\/26\/market-updates\/","title":{"rendered":"Post Powell Speculations: Dollar Slips as Hassett Emerges in Fed Succession Race"},"content":{"rendered":"The U.S. dollar weakened on Wednesday, erasing its early gains and closing nearly flat, as investors balanced mixed economic signals with fresh political developments.  <br \/><br \/>At the start of trading, stronger\u2011than\u2011expected U.S. data gave the greenback a lift. That momentum quickly faded when the Chicago Purchasing Managers\u2019 Index for November fell to its lowest level in 17 months, highlighting softness in business activity. Meanwhile, Wall Street\u2019s rally reduced demand for dollar liquidity, adding further pressure.  <br \/><br \/>Treasury yields also declined, weighed down by disappointing indicators and dovish\u2011leaning remarks from Federal Reserve officials. Equities gained additional support from a sharp drop in weekly jobless claims to 216,000\u2014the lowest in seven months\u2014alongside durable goods orders rising 0.9% in September, well above forecasts of 0.3%.  <br \/><br \/>The dollar\u2019s retreat deepened after Bloomberg reported that Kevin Hassett has emerged as the leading contender to succeed Jerome Powell as Chair of the Federal Reserve. Hassett is widely regarded as favoring looser monetary policy, a stance seen as negative for the dollar. His alignment with President Trump\u2019s push for lower interest rates has also reignited debate over the Fed\u2019s independence.  <br \/><br \/>Overall, the currency\u2019s pullback reflects not only weaker economic data but also heightened uncertainty over the Powell\u2013Hassett succession race\u2014an outcome that could reshape the outlook for interest rates and the dollar\u2019s strength in the months ahead.","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar weakened on Wednesday, erasing its early gains and closing nearly flat, as investors balanced mixed economic signals with fresh political developments. At the start of trading, stronger\u2011than\u2011expected U.S. data gave the greenback a lift. That momentum quickly faded when the Chicago Purchasing Managers\u2019 Index for November fell to its lowest level in &hellip;<\/p>\n","protected":false},"author":13,"featured_media":106217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-121221","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121221"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121221\/revisions"}],"predecessor-version":[{"id":121223,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121221\/revisions\/121223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/106217"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}