LONDON: Oil prices and bitcoin shot higher on Wednesday , while European stocks were subdued ahead of crucial China-US trade talks.
The dollar wobbled as the currency market tried to guess and second-guess the US Federal Reserve's next move. Data released on Wednesday showed US durable goods orders fell in May, helping push the closely watched economic indicator to its lowest level in 16 months and reinforcing the case for a rate cut.But the Fed is concerned about demonstrating its independence as US President Donald Trump steps up political pressure by ridiculing Fed boss Jerome Powell - saying the United States would do better under Mario Draghi, the current European Central Bank chief.
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