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US Senator Johnson: We have enough votes to stop Trump's tax cuts bill
World FX news
Breaking news
US Senator Johnson: We have enough votes to stop Trump's tax cuts bill
New
2025.05.26 12:18
2025.05.26 12:18
2025.05.26 12:18
Speaking to CNN News on Sunday, US Senator Ron Johnson said, "I think we have enough (votes) to stop the process until the president gets serious about spending reduction and reducing the deficit."
"My primary focus now is spending. This is completely unacceptable. Current projections are $2.2 trillion per year deficit," he said.
Johnson further noted, "there should be a goal of this Republican Senate to reduce the deficit, not increase it. We're increasing it."
US President Donald Trump's sweeping tax cuts bill was passed in the lower house last week and will be voted on in the Senate this week.
Last updated
: 2025.05.26
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USD/CAD falls toward 1.3550 due to higher Oil prices, Canada's 10-year yield
USD/CAD continues to lose ground for the fourth successive session, trading around 1.3560 during the European hours on Tuesday.
New
2025.06.17 18:18US President Trump: EU not yet offering a fair deal
US President Donald Trump said on Tuesday, "the European Union (EU) is not yet offering a fair deal."
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2025.06.17 18:10Silver Price Forecast: XAG/USD is testing the top of a potential Bullish Flag at $36.60
Silver consolidates above $36.00 with the upside trend intact.Risk-off markets and higher demand for safe havens are supportive of precious metals.XAG/USD is forming a potential Bullish Flag.Silver (XAG/USD) is on a downside correction from all-time highs, near $37.00 hit on Early June.
New
2025.06.17 18:07AUD/USD can retest the 0.6550 level - UOB Group
Australian Dollar (AUD) could retest the 0.6550 level against US Dollar (USD) before a more sustained and deeper pullback is likely. In the longer run, AUD appears to have moved into a range-trading phase between 0.6430 and 0.6550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.06.17 18:06German ZEW Economic Sentiment Index leaps to 47.5 in June vs. 35 expected
The headline German ZEW Economic Sentiment Index jumped to 47.5 in June from 25.2 in May, beating the market forecast of 35 by a wide margin.
New
2025.06.17 18:02ECB's Stournaras: Any further rate cuts will depend on data
European Central Bank (ECB) policymaker Yannis Stournaras said on Tuesday, "any further rate cuts will depend on data."
New
2025.06.17 18:00Gold moves higher - ING
Gold is moving higher again as Trump's Tehran warning has sparked haven buying. Prices rose above $3,400/oz in early Asian trading on Tuesday after a 1.4% slide on Monday - the biggest one day decline in a month, ING's commodity experts Ewa Manthey and Warren Patterson note.
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2025.06.17 17:58IEA: In the absence of major disruption, Oil markets in 2025 look well supplied
In its monthly oil market report published on Tuesday, the International Energy Agency (IEA) noted that "in reference to Israel-Iran conflict, in the absence of major disruption, oil markets in 2025 look well supplied."
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2025.06.17 17:57USD/JPY: Bank of Japan keeps rates on hold - ING
The Japanese Yen (JPY) move is fairly muted, rising against the dollar to 144.46 (vs 145 previously) then staying range-bound, and JGB futures dropped around 0.1% after the Bank of Japan's decision to keep its policy rate at 0.5% and to slow the JGB tapering from April 2026, ING's FX analyst Frances
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2025.06.17 17:56GBP/USD: Expected to trade in a sideways range of 1.3540/1.3620 - UOB Group
Pound Sterling (GBP) is expected to trade in a sideways range of 1.3540/1.3620. In the longer run, GBP must first close above 1.3640 before a move to 1.3700 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.06.17 17:53Disclaimer:
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