AUD rises, USD falls after threat to US Federal Reserve chair | Finance Report | ABC NEWS
The US dollar weakened, while the Australian dollar strengthened today, after President Trump intensified pressure for an interest rate cut and threatened a criminal indictment against US Federal Reserve Chair Jerome Powell.
Locally, the ASX rose after hitting a record high on Wall Street.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-01-12/criminal-investigation-opens-into-us-federal-reserve-chair/106220038
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook: http://facebook.com/abcnews.au
Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
