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      FX Daily: Headline rollercoaster continues
      Submitted May 28, 2026      |From think.ing.com

      US-Iran negotiations are still too fluid for the dollar to break meaningfully in either direction. The latest comments by President Donald Trump poured cold water on yesterday’s tentative optimism of an imminent deal, lifting the dollar across the ...

      Lagarde: When It Matters Most: Upholding Independence in Challenging Times
      Submitted May 28, 2026      |From ecb.europa.eu|3 comments

      “I want the bank to be in the hands of the government enough, but not too much.” Napoleon Bonaparte said these words six years after founding the Banque de France, just as he was tightening his grip on the institution.[ 1 ] Two centuries later, these words still capture a tension that sits at the heart of our profession. To best serve the public interest, a central bank must be close enough to the state – but independent enough to resist the pressures of the moment. The 1970s taught us a great deal about this. The “great inflation” of that decade was not caused by a lack of independence, but by oil shocks and by the difficulty of interpreting supply shocks, for which central banks were unprepared. But the empirical work that followed pointed to one clear and robust finding: countries with ECB LAGARDE SAYS CENTRAL-BANK CREDIBILITY IS KEY IN NEW WORLD ORDER

      What Plunging Pork Prices Say About China’s Economy
      Submitted May 28, 2026      |From dnyuz.com

      Sun Haoyu, a hog farmer in Dalian, in northern China’s Liaoning Province, first noticed pork prices beginning to tumble late last year. With 3,000 hogs to care for, Mr. Sun said, he had “no choice but to tough it out,” relying entirely on loans and ...