Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Arguably Europe’s most powerful central banker, Jens Weidman, the chief of Bundesbank has retaliated against the claims made by top trade advisor to US President Donald Trump, Peter Navarro, who called Germany a currency exploiter, benefiting from weaker euro. Mr. Weidman called the claim as absurd.
Mr. Weidman said that the German firms are successful exporters because they are well positioned in the global markets and can convince people with innovative products. He added, “the accusation that Germany is exploiting the USA and other countries with an undervalued currency is more than mistaken." He explained that Germany can no longer control interest rates as well as money printing, that is a power given to the European Central Bank, which sets the monetary policy for all of its 19 members.
Mr. Navarro had tried to imply that the exchange rate for Germany would have been much higher, had it not joined the euro and used its Deutsche Mark. Even with euro, the OECD measures show that the currency is undervalued against the dollar by as much as 25 percent.
However, Mr. Weidman went further by saying that the recent rise in the dollar has been homemade, triggered by political announcements of the new government. He, however, called on the European Central Bank (ECB) to start winding its purchases as the inflation objective remains almost reached.
