Trump takes aim at Powell again demanding rate cuts- EUR/USD still treading water for now

The US President is up and about now this morning and he has just taken another shot at the Fed boss on his social media platform. Trump has just lambasted Jerome Powell for his refusal to lower US interest rates and noted the ECB is about to do that a little later today. This is probably the most vitriolic attack by the US President yet seen on Powell and it comes as the dollar remains pretty much unchanged and perhaps a tad higher on balance from a little earlier. So, in less than 2 hours from now we see if the ECB will do as Trump suspects they will and lower rates. As noted here earlier, the majority think that will be the case, but do not forget the reasons why the US President is now openly attacking the US Central Bank is something that might not be lost on the ECB too. We shall see how that pans out. Meantime, the EUR/USD is still treading water this morning as that outcome from the ECB awaits. The EUR/USD is right now at 1.1369