External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>Markets are taking the risk that President Trump might push ahead with his attempt to force out Fed Chair Powell ahead of his term ending in May of next year a little more seriously again, if predictive exchanges like Kalshi and Polymarket are a guide.</li><li>Both indicate an uptick over the past month in betting on the Fed chair’s early ouster. President Trump reportedly showed GOP lawmakers a draft letter firing Powell last week, prompting a spike in market volatility, before he downplayed the idea.</li><li>Press reports over the weekend suggest that Treasury Sec. Bessent had counseled the president against removing Powell, keeping the story alive for market participants and forcing investors to continue pondering the consequences of politics possibly eroding Fed policy independence—or at least the perception of it.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Markets are taking the risk that President Trump might push ahead with his attempt to force out Fed Chair Powell ahead of his term ending in May of next year a little more seriously again, if predictive exchanges like Kalshi and Polymarket are a guide.Both indicate an uptick over the past month in betting on the Fed chair’s early ouster. President Trump reportedly showed GOP lawmakers a draft letter firing Powell last week, prompting a spike in market volatility, before he downplayed the idea.Press reports over the weekend suggest that Treasury Sec. Bessent had counseled the president against removing Powell, keeping the story alive for market participants and forcing investors to continue pondering the consequences of politics possibly eroding Fed policy independence—or at least the perception of it.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - Central Bank Policy Independence - Don’t Mess with Success?

USD

FX Snapshot - Central Bank Policy Independence - Don’t Mess with Success?